Florida Insurance Council - Covering Florida Since 1962
By: Katrina Callaway, FIC General Counsel During the Cabinet meeting on July 25, 2019, the Florida Cabinet, sitting as the Financial Services Commission (FSC), authorized the OIR to proceed with changes to rules for Medicare supplement insurance, including creating new rules for Medicare supplement policies with an effective date of coverage on or after January…
By: Katrina Callaway, FIC General Counsel During the Cabinet meeting on July 25, 2019, the Florida Cabinet, sitting as the Financial Services Commission (FSC), approved the OIR to move forward with rule changes relating to rates for credit life and disability insurance policies. According to the information provided to the Cabinet on the changes, Rule…
By: Katrina Callaway, FIC General Counsel During the Cabinet meeting on July 25, 2019, the Florida Cabinet, sitting as the Financial Services Commission (FSC), approved the OIR to move forward with numerous rule changes for supplemental insurance policies. According to the information provided to the Cabinet on the changes, Rule 69O-149.005 is being amended…
By: Katrina Callaway, FIC General Counsel During the Cabinet meeting on July 25, 2019, the Florida Cabinet, sitting as the Financial Services Commission (FSC), approved the OIR to publish changes to the rule on workers’ comp applications, primarily dealing with the sworn statement and notarization provisions in the rule. (Rule 69O-189.003) In February, the OIR…
By: Katrina Callaway, FIC General Counsel During the Cabinet meeting on July 25, 2019, the Florida Cabinet, sitting as the Financial Services Commission (FSC), approved the OIR to publish a repeal of the current rule that requires commercial general liability contracts to include defense costs within the liability limits of the contract (Rule 69O-167.007). In…
By: Katrina Callaway, FIC General Counsel During its meeting on July 25, 2019, the Florida Cabinet, sitting as the State Board of Administration Trustees, approved four agenda items dealing with Florida Hurricane Catastrophe Fund (FHCF) rule changes needed to implement the loss adjustment expense (LAE) increase from 5% to 10%. As background,…