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The Florida Office of Insurance Regulation has amended its Hurricane Helene emergency order and adopted a new emergency order in response to Hurricane Milton. The orders extend applicable grace periods until December 10, 2024. Hurricane Helene OIR adopted Emergency Order 400385-24 after Hurricane Helene. The order tolled the time period for policyholders in affected counties […]
The Florida Office of Insurance Regulation (OIR) has adopted emergency rule 69OER24-1 implementing a law passed at the end of the 2024 session providing premium discounts for residential policyholders. Under the new law, policyholders will receive discounts in amounts equal to the state premium tax and fire marshal assessments. Insurers will recover the discount amounts […]
Citizens Property Insurance Corporation, Florida Legislature, Insurance Regulation News, property insurance, Depopulation, Florida Office of Insurance Regulation, HB 1503, surplus lines carriers
Will the reporting system we’ve known for decades as “QUASR” get a new name? After all, the name is shorthand for the quarterly supplemental reporting requirement by which insurers have provided information, on a quarterly basis and at the county level, about the number of policies they have written, canceled and nonrenewal. However, in the […]
The Florida Office of Insurance Regulation (OIR) has taken the next step toward adopting administrative rules implementing recent legislation. The Financial Services Commission (FSC) recently authorized the OIR to formally publish drafts of the rules as proposed rules. The FSC consists of Florida’s Governor, Chief Financial Officer and Attorney General. These elected officials comprise a […]
The Florida Office of Insurance Regulation (OIR) has issued an emergency order in the wake of Hurricane Idalia. Emergency Order 315284-23-EO contains prohibitions on cancellation and nonrenewals similar to those following other hurricanes in recent years. The Emergency Order applies to the following counties: Alachua, Baker, Bradford, Citrus, Columbia, Dixie, Franklin, Gilchrist, Hamilton, Hernando, Hillsborough, […]
Even before Idalia reached tropical storm status, Governor Ron DeSantis issued Executive Order 23-171 declaring a state of emergency for 33 Florida counties. Counties subject to the declaration encompass a large portion of Florida’s Gulf coast, extending from Bay County (Panama City) to Sarasota County. The declaration of emergency activates certain portions of the state’s […]
Citizens Property Insurance Corporation, property insurance, Florida Office of Insurance Regulation, Insurance Regulatory News
The Florida Office of Insurance Regulation (OIR) has issued emergency rule 69O-ER-23-2 adopting forms to be used by residential property insurers certifying and submitting claims manuals. The Florida legislature specified in SB 7052 (now Chapter Law 2023-172) that residential property insurers must annually certify they maintain claims manuals meeting certain statutory standards. Insurers also must […]
Citizens Property Insurance Corporation, Florida Hurricane Catastrophe Fund, Insurance Regulation News, property insurance, Florida Office of Insurance Regulation, Florida Insurance Commissioner
