Florida Insurance Council - Covering Florida Since 1962
FOR IMMEDIATE RELEASE: July 29, 2019Contact Info: Karen Kees, (850) 413-2515, Press@floir.com OIR Issues Orders Establishing 2019 Rates for Citizens TALLAHASSEE, Fla. – The Florida Office of Insurance Regulation (OIR) has established the 2019 personal and commercial property insurance rates for Citizens Property Insurance Corporation (Citizens). On June 19, Citizens announced that their…
By: Greenberg Traurig Today, the Florida Supreme Court declined to decide the Ark Royal Assignment of Benefits (AOB) case which had been pending before the Court for some time. The Court’s decision was based on the new law passed by the 2019 Florida Legislature which imposed restrictions for AOBs applicable to first party homeowner’s property…
By: Katrina Callaway, FIC General Counsel The Florida Department of Revenue recently released a Tax Information Publication (TIP) on 2019 legislative changes that impact the insurance premium tax. The TIP covers changes to the premium tax credit for Florida Tax Credit Scholarship Program/Step Up For Students which applies to all insurers. It also covers the…
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…