NCCI Rate Filing
NCCI Rate Filing 8-27-18.pdf
OIR Receives Annual Workers’ Compensation Rate Filing
FOR IMMEDIATE RELEASE: August 28, 2018Contact Info: Karen Kees, (850) 413-2515, Press@floir.com OIR Receives Annual Workers’ Compensation Rate Filing TALLAHASSEE, Fla. – The Office of Insurance Regulation (OIR) has received the 2019 Florida workers’ compensation rate filing by the National Council on Compensation Insurance (NCCI), which proposes a statewide average premium decrease of 13.4%. The…
FIC: WC Rate Decrease of 13.4% Proposed By NCCI
By: Katrina Callaway, FIC General Counsel On August 27, 2018, the National Council on Compensation Insurance (NCCI) filed for a 13.4% rate decrease for Florida effective January 1, 2019. Last year the OIR approved a rate decrease of 9.5%. This year’s filing is based on experience data from policy years 2015 and 2016 with the…
FIC: PBM Registration Rules Proposed by OIR
By: Katrina Callaway, FIC General Counsel The Office of Insurance Regulation (OIR) is holding a second rule development workshop on proposed rules relating to the registration of pharmacy benefit managers (PBMs) by OIR. The workshop is set for September 12, 2018. The first workshop was held in May 2018. A copy of the latest…
FIC: FHCF Workshops New Reimbursement Contract
By: Katrina Callaway, FIC General Counsel On August 20, 2018, the Florida Hurricane Catastrophe Fund (FHCF) held a rule workshop on proposed changes to their reimbursement contract rule and the actual reimbursement contract with its addendums. The FHCF will accept written comments on the proposed changes until August 24, 2018. They plan to submit the…
FIC: Direct Primary Care & PBM Bills Take Effect
By: Katrina Callaway, FIC General Counsel Bills related to the health insurance issues of direct primary care (HB 37) and pharmacy benefit managers (HB 351) take effect on July 1, 2018. Both bills were passed during the 2018 legislative session. Direct Primary Care BillHB 37 specifies that a direct primary care agreement is…
FIC: DFS Bill With MGA & Other Changes Takes Effect July 1
By: Katrina Callaway, FIC General Counsel The Department of Financial Services (DFS) agency bill, HB 1073, takes effect on July 1, 2018. The bill has insurance and non-insurance provisions in it. The insurance provisions in the bill relate to managing general agent (MGA) licensure, exchange of business, life agent, and other insurance laws as…
FIC: Construction Defect Bill Effective July 1
By: Katrina Callaway, FIC General Counsel HB 875 takes effect on July 1, 2018. The bill passed during the 2018 legislative session and further clarifies when the date of completion of a construction contract is for purposes of both the statute of limitations and statute of repose. It provides that a construction contract is complete…
FIC: Advertising Gift Expansion Bill Goes Into Effect
By: Katrina Callaway, FIC General Counsel HB 483 to enrolled bill allows insurers and insurance agents to give additional types of promotional and advertising gifts and changes the amount of these gifts to $100/year, rather than $25/gift. The bill was passed during the 2018 legislative session and takes effect on July 1, 2018. The bill…
FIC: Auto Clubs Conditioning Insurance On Membership Takes Effect
By: Katrina Callaway, FIC General Counsel HB 533 to enrolled bill, passed during the 2018 legislative session, takes effect on July 1, 2018. The bill allows an insurer to condition the sale of insurance on the purchase of motor vehicle services if such services are purchased from a membership organization that as of January 1,…