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health insurance

OIR Issues Memorandum on Guaranteed Availability of Health Insurance

OIR Issues Memorandum on Guaranteed Availability of Health Insurance

The Office of Insurance Regulation (OIR) has issued informational memorandum OIR-11-01 to life and health insurers and health maintenance organizations licensed in Florida.  The stated purpose of the memorandum is to inform insurers of the requirements of Section 627.6487, Florida Statutes, relating to the guaranteed availability of health insurance. The memorandum states that eligible individuals […]

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OIR, Commissioner McCarty Respond to Healthcare Reforms

OIR, Commissioner McCarty Respond to Healthcare Reforms

The Office of Insurance Regulation recently announced that Florida Insurance Commissioner Kevin McCarty joined regulators from other states in voting to approve the NAIC’s recommended language for the Medical Loss Ratio (MLR) definition under the federal Affordable Care Act.  Due to the definition of medical expenses, health insurance agent premiums were not included in the definition of […]

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Banking and Insurance Committee to Conduct Interim Projects

Banking and Insurance Committee to Conduct Interim Projects

The Banking and Insurance Committee of the Florida Senate has announced its interim projects in anticipation of the 2011 legislative session.  The committee staff will conduct project 2011-104 relating to sinkhole insurance, with a report due by October 1, 2010.  The project summary notes that Florida has a large number of sinkholes, and problems in […]

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