Florida Insurance Council - Covering Florida Since 1962
By: Greenberg Traurig The comment period for revisions to the Office of Insurance Regulation’s (OIR) annual and monthly forms ended on November 17. The current draft is available here. It is anticipated that adjustments will occur during the final proofreading stage to correct any remaining typos, adjust formatting and numbering, and resolve similar technical issues. …
By: Katrina Callaway, FIC General Counsel During its meeting on November 12, 2019, the Senate Banking and Insurance Committee passed a strike all amendment to SB 292 (amendment 304154), the bill requiring virtually all insurers, including surplus lines, to provide a free annual loss run statements covering five years to insureds within 15 days of…
By: Katrina Callaway, FIC General Counsel A bill requiring virtually all insurers, including surplus lines insurers, to provide a free annual loss run statements covering five years to insureds within 15 days of a request cleared its first House committee on November 6, 2019. The bill is supported by the FAIA, the insurance agents association.…