Florida commissioner of insurance regulation. and EU Sign Covered Agreement on .

Florida commissioner of insurance regulation State lawmakers in December approved a major reform bill, Sheryl Parker is a lifelong public servant with more than 20 years of consumer-focused experience in insurance regulation. Yaworsky is currently vice chairman of the Florida Gaming Control Commission. OIR is responsible for all activities concerning insurers and other risk bearing entities, including licensing, rates, policy forms, market conduct, claims, issuance of certificates of authority, solvency, viatical settlements, premium financing, and administrative supervision, under the Florida Insurance Code. chief financial officer d. Yaworsky will serve as interim commissioner until his nomination is brought before the Financial Services Commission for final approval. in social science from Florida State University in 2005 and a J. 850-413 Department of Insurance Office of the Commissioner Regulation 107⎯Homeowner and Fire/Commercial Insurance Policy Disclosure Forms (LAC 37:XIII. - Today, Insurance Commissioner Michael Yaworsky issued the following statement in support of Governor Ron DeSantis' 2024-2025 Focus on Florida's Future budget: "Governor DeSantis' budget strengthens the Florida Office of Insurance Regulation's (OIR) ability to protect consumers and foster a market where insurance products Bureau of Registration: processes and evaluates applications for firms and individuals seeking registration to conduct business in Florida. Michael Yaworsky WEST PALM BEACH, Fla. —Florida Insurance Commissioner Mike Yaworsky highlights a year of achievements by the Florida Office of Insurance Regulation (OIR). The bill would also create the Property Insurance Commission to review the work of the Office of Insurance Regulation. Residents who have been impacted by the recent storms and received a notice of nonrenewal or notice of cancellation of their insurance are advised to call the Office of Insurance Regulations. OIR oversees insurers and The Florida Office of Insurance Regulation (OIR) envisions a robust and competitive insurance market while maintaining protections for consumers. Submit an insurance concern with our office. The Office of Insurance Regulation (OIR) envisions a robust and competitive insurance market while maintaining protections for consumers. [4] Prior to this period, insurance was primarily regulated by corporate charter, state statutory The Florida Office of Insurance Regulation has been leaderless since the beginning of 2023. Today, just four days after Hurricane Debby made landfall along the Big Bend, Florida’s Insurance Commissioner Michael Yaworsky announced several positive developments related to the state’s strengthening property insurance market. Responsibilities of the Office of Insurance Regulation. FROM: Jane Nelson, Director . The Office of Insurance Regulation (OIR) is essential for maintaining the integrity and functionality of Florida’s insurance market. TALLAHASSEE, Fla. , a state-backed insurer of last resort. Click "Search" to find plans matching the criteria you entered. 200 East Gaines Street, Tallahassee, FL 32399 Phone: (850) 413-5923 Email: YourFLVoice@MyFloridaCFO. Flashcards; Learn; Test; Match; Q-Chat; Get a hint. As the 2023 Florida Statutes have not been published, all citations included yet in this memorandum and attachments are to the Florida Statutes reflected in Chapter 2023-029, Laws of Florida, a copy can be found here. This year, significant progress has been made in stabilizing the property insurance market, strengthening Florida’s health insurance market, and delivering tangible results to Florida consumers. This year, significant progress has been made in stabilizing the property insurance market, strengthening Florida’s health insurance market, and delivering tangible results to Florida consumers. The office was abolished following the Florida Cabinet reforms of 1998 which took effect in 2003. The correct answer is: All of the above The Office envisions a robust and competitive insurance market while maintaining protections for the insurance-buying public. The Office of Insurance Regulation has approved Condo The Bigger Picture: Florida’s Insurance Calamity. “This week, OIR (the Office of Insurance Regulation) is specifically focused on supporting efforts to stabilize the Florida property insurance market,” spokeswoman Samantha Bequer said in an email at the time. Rate hearings are open to the public and input from interested parties will be accepted. [1]A statewide office, with a seat in the Cabinet, the official handled the duties of the State Treasurer, Commissioner of Insurance, and Fire Governor DeSantis has declared a State of Emergency for 51 counties in Florida for Hurricane Milton. - The Florida Office of Insurance Regulation (OIR) has approved Tailrow Insurance Company’s application for the issuance of a permit to become an authorized domestic insurer and write homeowners mutli The Commissioner of the Office of Insurance Regulation is appointed by the Financial Services Commission. “Since joining OIR in 2019, Alexis has been invaluable as we’ve navigated a host of insurance matters that are critical to Floridians around our state. For instance, Florida’s (vacant as of January 2023) Commissioner of Insurance Regulation is a position tucked under the state’s Chief Financial Officer, and is appointed by the Florida Financial Services Commission, which includes the governor, the CFO, and others. State lawmakers in December approved a major reform bill Study with Quizlet and memorize flashcards containing terms like Which of these statements about foreign insurers in Florida is TRUE?, The Commissioner of Insurance Regulation oversees the Office of Insurance Regulation. Market Regulation: OIR's market regulation units continuously monitor the conduct of insurers in the marketplace, enforcing Florida law through remediation and administrative action utilizing market conduct investigations and examinations. Major litigation reforms enacted in 2022 and 2023 are To report an alleged violation of Chapter 651, Florida Statutes, contact the Florida Department of Financial Services, Division of Consumer Services, at 1-877-693-5236 (in-state only) or 850-413-3089 or contact OIR at CCRCTeam@floir. Medicaid. Yaworsky takes the helm at the Florida Office of Insurance Regulation at a crucial time for the Florida property insurance market. The office was created in 2002 following the 1998 reforms of the Florida Cabinet. The update includes the amendment of an existing order, and issuance of an additional emergency order by the Office of Insurance Regulation (OIR) to protect policyholders impacted by the storms. This compact is intended to help states join together to establish an Office of the Insurance Consumer Advocate. Yaworsky’s recent statements offer optimism about the state’s property insurance market, rebutting concerns that Florida is headed toward a crisis. General public, funded by payroll taxes d. , requires any title insurance agency licensed in Florida on January 30 of each year to remit an administrative surcharge of $200 to the Florida Department of Financial Services. ” Biography. The Office is administratively housed within the Department of Financial Services, but operates under the direction of the Today, the Florida Office of Insurance Regulation (OIR) issued an update on the continued strengthening of Florida’s property and casualty insurance market, including that property insurance rate filings for 2024 show a downward trend for the first time in years, indicating the continued stabilization of the property insurance market. Regulatory Plan, FY 20 21-22 . office of insurance regulation david altmaier commissioner david altmaier insurance commissioner 200 east gaines street • tallahassee, florida 32399-0317 • (850) 413-5914 • fax (850) 488-3334 website: www. Altmaier assumed office on May 2, 2016. TO: Property & Casualty Insurers - Financial Statement Contact Person . If you do not want your e-mail address released in response to a public records request, do not send electronic mail to this entity. Altmaier resigned on December 28, 2022. OFR is committed to promoting a safe marketplace for financial success. Click the blue question mark for an explanation of a search criterion. Market Conduct. Following Governor DeSantis' Emergency Order 24-215, and and pursuant to sections 252. 12, 2022 at the Capitol in Tallahassee, Fla. Send Us a Message: ASK . Led by Florida’s TALLAHASSEE — In February, Gov. OFFICE OF INSURANCE REGULATION 200 East Gaines Street Tallahassee, Florida 32399 (850) 413-3140 As property owners in Florida continue to be hit by skyrocketing insurance costs, the man charged with overseeing the industry in Florida says things are going to get better. . January 11, 2025 David Altmaier is the second director of the Office of Insurance Regulation, replacing longtime Director Kevin District of Columbia—Department of Insurance, Securities and Banking; Florida—Office of Insurance Regulation; Georgia—Georgia Insurance & Safety Fire Commissioner; Guam—Guam Department of Revenue and Taxation; Hawaii—State of Hawaii Department of Commerce & Consumer Affairs; Idaho—Idaho Department of Insurance Florida regulators go public with property insurance hikes under 15% Christy said Yaworsky, who oversees the Office of Insurance Regulation, is encouraging lawmakers to avoid enacting any major TO: All Insurers, HMOs, Premium Finance Companies, Surplus Lines Insurers, and other entities regulated by the Office of Insurance Regulation. Contact; Menu. Insurance Assistance is available 8:00 AM - 5:00 PM EST, Monday through Friday. floir. director of financial regulation c. Tallahassee, FL – Florida Insurance Commissioner David Altmaier recently announced the appointment of Alexis Bakofsky as the Chief of Staff for the Florida Office of Insurance Regulation (OIR). 1 / 15. director of financial regulation, the major areas of regulation by the office of insurance regulation include Financial Services Commission Office of Financial Regulation Office of Insurance Regulation. com • email: david. com or 850-413-3153. Flashcards; Learn; Test; Match; Q-Chat; Insurance Commissioner, *Office Of Insurance Regulation (OIR) Regulates Insurance for What?. com Florida Insurance Commissioner Mike Yaworsky highlights a year of achievements by the Florida Office of Insurance Regulation (OIR). Sample rates will be available as future rate filings are approved by the Office of Insurance Regulation. All title insurance agencies licensed in Florida on Florida Insurance Commissioner David Altmaier said SB 728 “helps provide regulatory certainty for carriers” to keep the Florida market competitive. OIR's mission is to TALLAHASSSEE, Fla. Began Present Term: Term of Office: Elected/Appointed: Prior Vocation: March 2023 Indefinite Appointed by Financial Services Commission Deputy Commissioner of Property and Casualty Insurance. 200 East Gaines Street, Tallahassee, FL 32399. Financial Services Commission Office of Financial Regulation Office of Insurance Regulation. Over 30 home insurance providers exited the state in 2023, leaving many homeowners reliant on Citizens Property Insurance Corp. OFFICE OF INSURANCE REGULATION. Previously, he was Chief of Staff at the Florida Office of Insurance Regulation, Legal Counsel to the Georgia Insurance and Safety Fire Commissioner, Counsel to the Georgia Senate President Pro Tempore and Chief of Staff at the Florida Department of Business and Professional Regulation. This system demonstrates the importance of shopping for the best policy to suit your needs. More than 1,300 dedicated employees work at CDI to oversee more than 1,300 insurance companies and license more Yaworsky takes the helm at the Florida Office of Insurance Regulation at a crucial time for the Florida property insurance market. , Michael Yaworsky is taking over as commissioner of Florida’s Office of Insurance Regulation, the agency overseeing the state’s troubled property insurance market. Following Governor DeSantis' Emergency Order 24-209, and pursuant to sections 252. Rates and Forms. 311(4), Florida Statutes, the FWCJUA provides workers’ compensation and employers’ liability insurance to applicants who are required by law to maintain workers’ compensation and employers’ liability insurance but who are unable to purchase this insurance through the 626. Study with Quizlet and memorize flashcards containing terms like the individual who sits on the Financial services commission and supervises the insurance function in FL is called the a. Emergency orders are in place that The Treasurer/Insurance Commissioner/Fire Marshal (commonly referred to as State Treasurer) is a former statewide constitutional officer of Florida. 200 East Gaines Street Tallahassee, FL 32399 (850) 413-3140. Contact; F. , Florida Statutes, the Florida Office of Insurance Regulation issued Emergency Order 400473-24 for Hurricane Milton. com. No more. Although reasonable efforts have been made to ensure that all electronic information made available is current, complete and accurate, the Office does not warrant or represent that this information is TALLAHASSSEE, Fla. FLOIR Website - Visit the Florida Office of Insurance Regulation website. Medicare or Medicare Advantage Plan. The Office of Insurance Regulation c. Chief Insurance Commissioner b. Florida Office of Insurance Regula on As Florida property owners continue to deal with skyrocketing premiums that are strangling budgets and threatening future development, the state’s insurance commissioner is trying to shine a spotlight on progress made in 2023 that, he says, “promote a stable and competitive insurance market. The Commission would be a six-person panel appointed by legislative leaders Florida insurance laws deal with the following areas: 1) organization of the Department of Financial Services and the powers and duties of the Chief Financial Officer, the Financial Services Commission and the Office of Insurance Regulation; 2) organization of insurance companies, their powers and limitations, and the requirements in regard to their financial condition and COMMISSIONER OF AGRICULTURE . He is the immediate past president of the National Association of Insurance Commissioners, an elected post within the organization. In coordination with the Florida Department of Health, OIR has distributed a notice to all health insurers, managed care organizations, and other health entities, reminding them they must comply with with provisions That’s the claim from Michael Yaworsky, the head of the state’s Office of Insurance Regulation (OIR), who is trumpeting “additional encouraging developments related to the state’s Our mission is to proactively educate and assist Florida’s insurance and financial consumers through responsive, professional and innovative service. - Governor Ron DeSantis provided updates for Florida policyholders following Hurricane Helene, including the issuance of an emergency order by the Office of Insurance Regulation (OIR) to protect policyholders impacted by the storm. , Florida Statutes. Newsroom; Insurers and other regulated entities are required to file information and report data to the office. altmaier@floir. David Altmaier, who has served in that role OFFICE OF INSURANCE REGULATION. Preamble. D) from Samford University’s Cumberland School of Law (Homewood, AL) and a bachelor’s degree in social science from Florida State University. Commissioner Mission and Vision Organization and Operation Government Affairs Careers Contact Us. This regulatory plan has been prepared by the Office of Insurance RegulationFlorida (OIR) in accordance with section 120. (FLV) – Gov. 4133(2)(d)1. The office defends the public from investment and securities fraud, and protects Florida's citizens against David Altmaier was the Florida Commissioner of Insurance Regulation. Dozens of candidates, offering what can be called (charitably) a broad range of "Florida's insurance market continues to strengthen, showing signs recent legislation is having positive impacts to the property insurance market," said Insurance Commissioner Michael Yaworsky. For fourteen years, Altmaier worked in the Florida Office of Insurance Regulation (OIR), and from 2016 to 2022 he was Florida’s Insurance Commissioner, a period marked by hostility to consumer advocates and consumer protection, and, as his last year concluded, the extraordinary lapse in regulatory oversight of insurers that were low-balling COMMISSIONER OF THE OFFICE OF INSURANCE REGULATION The Office of Insurance Regulation is created by Section 20. Office of Insurance Regulation . “Thanks to Governor DeSantis’ leadership, the steps taken this year highlight Florida’s commitment to protecting insurance consumers,” said Insurance Commissioner David Altmaier. OIR recognizes that during the course of any claim, insurers owe the utmost duty of good faith and fair Commissioner, Florida Office of Insurance Regulation Jason Reynolds, CPA Karen McGlynn, MCM, CPM, PIR Florida Office of Insurance Regulation | 1,827 followers on LinkedIn. "OIR remains steadfast in our efforts to stabilize Florida's insurance market by implementing legislative reforms and recruiting more insurers to the state. Florida Statutes, and the filing of an order by the Commissioner of Insurance Regulation, an insurer The Office serves Floridians through its responsibilities for regulation, compliance and enforcement of statutes related to the business of insurance. com The Life and Health Product Review Unit ensures that all Life and Health policy forms and rates are in compliance with Florida Statutes and regulation. The Commissioner of Insurance is an executive role whose head is an appointee of the financial services commission, comprising the Governor, State Attorney General, and other state executives. McCary the first person to hold the office of insurance commissioner since it became an appointed position. 200 East Gaines Street Tallahassee, FL 32399 (850) 413-3140 Florida’s insurance commissioner said recent rate filings, reduced reinsurance costs and the Citizens Depopulation program are stabilizing the insurance market. 98 in restitution to Floridians" from October 2023 to October 2024 Florida had an elected Insurance Commissioner until 2002. 26 until Dec. He served from January 2003 until his resignation on May 2, 2016. The Florida Office of Insurance Regulation (“Office”) provides access to company and other information on this Web site as a public service. According to Michael Yaworsky, head of the state’s Office of Insurance Regulation (OIR), Florida’s insurance market is not just surviving but strengthening in the wake of Hurricanes Helene and Milton. Ron DeSantis chose a new insurance commissioner for the state, Mike Yaworsky, after his predecessor resigned in December. With the insurance industry in a state of flux, characterized by a significant number of companies withdrawing from Florida and multiple challenges surrounding property insurance, Historically, the insurance industry has been regulated almost exclusively by the individual state governments. Emergency orders are in The Florida Office of Insurance Regulation (“Office”) provides access to company and other information on this Web site as a public service. Search When autocomplete results are Our department manages the The Florida Office of Insurance Regulation (OIR) licenses and regulates insurance companies operating in Florida to promote a stable and competitive insurance market while maintaining protections for consumers. Call Medicare at 1-800-633-4227. Dec 29, 2023, 08:20 by Samantha Bequer Today, Florida Office of Insurance Regulation (OIR) Commissioner Michael Yaworsky highlighted accomplishments made in 2023 to promote a stable and competitive insurance Michael Yaworsky’s recent appointment as Commissioner of the Florida Office of Insurance Regulation (OIR) has placed him at the forefront of a highly dynamic and complex landscape. Please see the information below for details on required filing and reporting. Michael Yaworsky earned a B. Individual or group policy issued in Florida. Parker was appointed to serve as the first Deputy Commissioner of Market Regulation at the Florida Office Florida Office of Insurance Regulation Commissioner Mike Yaworsky at a National Association of Insurance Commissioners conference in March 2023. This package is designed to assist Property and Casualty insurers in preparing their filings with the Florida Office of Insurance Regulation (Office). Following Governor DeSantis' Emergency Order 22-256, and pursuant to sections 252. This year, significant progress has been Learn how the Florida Office of Insurance Regulation (OIR) is organized and operates under the Florida Insurance Code and the Financial Services Commission. Florida Commissioner of Insurance Regulation: Michael Yaworsky: Nonpartisan: March 13, 2023: Georgia Insurance and Safety Fire Each state’s department of insurance is in charge of regulating insurance companies that do business in the state. Ms. from Samford University in 2013. Tallahassee, Florida 32399 (850) 413-3140 Office of the Commissioner; Office of Fintech Policy; Office of Communications; The Office of Financial Regulation is a state-government agency created by the Governor and Cabinet to provide regulatory oversight for Florida’s financial services industry. OFFICE OF INSURANCE REGULATION 200 East Gaines Street TALLAHASSEE, Fla. 307, Florida Statutes, to enforce the provisions of the Florida Insurance Code (chapters Office of Insurance Regulation Attn: Public Records Office 200 E Gaines Street Tallahassee, Florida 32399-4206 (850) 413-4223 PublicRecords@floir. From 2017 to 2022, he worked as Chief of Staff to former OIR Commissioner David Altmaier Florida Office of Insurance Regulation . - The Florida Office of Insurance Regulation (OIR) is highlighting the leadership efforts made in 2021 to protect Floridians. The duties of the position vary from state to state, but their general role is as a consumer protection advocate and insurance regulator. The news follows announcements by State Farm and the most recent approval of the a ninth new property insurer David Altmaier, who led the Office of Insurance Regulation, answers a question during the Committee on Banking and Insurance meeting Monday, Dec. CHOICES was originally created for homeowners insurance and modified to include auto insurance in 2013. Here "s what Florida insurance officials want the Legislature to do next year about the state" s troubled property insurance market:. Executive Order 24-214 is available here. Property & Casualty Financial Oversight . Ron DeSantis nominated Michael Yaworsky as commissioner of the Office of Insurance Regulation. Altmaier left office on December 28, 2022. — Florida's Office of Insurance Regulation (OIR) issued a new update, saying the state's insurance market is strengthening and showing continued stabilization. This individual administers insurance company regulation, including licensing, rates, policy forms, market conduct, claims, certificates of authority, and solvency. Chapter 153) The Department of Insurance, pursuant to the authority of the Louisiana Insurance Code, R. Florida Insurance Commissioner David Altmaier has been named in a lawsuit which alleges that the commissioner violated the law by enabling home insurers to change consumers’ policies. “Since joining OIR in 2019, Alexis has been invaluable as we’ve navigated a host of insurance matters that are critical to Floridians around our None of the above, Who is responsible for writing and amending the Florida Insurance Code? Select one: a. - Today, the Florida Office of Insurance Regulation (OIR) issued an update on the continued strengthening of Florida’s property and casualty insurance market, including that property insurance rate filings for 2024 show a downward trend for the first time in years, indicating the continued stabilization of the property insurance market. new regulatory requirements for all PBMs, including a requirement to become fully regulated as Insurance Administrators. David began working for the Office of Insurance Regulation in 2008 after working as an insurance agent and high school math “This week, OIR (the Office of Insurance Regulation) is specifically focused on supporting efforts to stabilize the Florida property insurance market,” spokeswoman Samantha Bequer said in an email at the time. A copy of the order is available here. The insurer being examined The Florida Commissioner of Agriculture b. 13, 2010 Florida Office of Insurance Regulation The Larson Building 200 East Gaines Street Tallahassee, FL 32399. The members of the Cabinet serve as the agency head for the Financial Services Commission (FSC), which houses the Office of Insurance Regulation and the Office of Financial Regulation. 63(1) and 627. Yaworsky has served as interim The Insurance Commissioner is considered the agency head for purposes of final agency action for all areas within the regulatory authority delegated to the Florida Office of Michael Yaworsky was appointed as Florida’s Insurance Commissioner by the Financial Services Commission, effective March 13, 2023, after serving as Interim Commissioner for one month. Yet Michael Yaworsky, commissioner of Florida’s Office of Insurance Regulation, is also a realist. David Altmaier, Commissioner; Insurance Regulation Filing System (IRFS). Insurance is a regulated industry because it is a public trust. This order amends and supersedes Emergency Order 400385-24 . If your policy was purchased in another state, you need to contact the insurance office where your policy was purchased. 49:950 et seq. Financial Services Commission . Insurance Commissioner. — The Interstate Insurance Product Regulation Compact is hereby enacted into law and entered into by this state with all states legally joining therein in the form substantially as follows: Interstate Insurance Product Regulation Compact. S. Plans for FY 2021-22 . And let’s not forget Georgia, whose commissioner is officially styled the Florida Office of Insurance Regulation, "Insurance Issues Potpourri: Recent Insurance Developments — Remarks by Florida Deputy Insurance Commissioner Mary Beth Senkewicz," Sept. With an approximate workforce of 250, the FOIR ensures insurance consumers are protected against the fraudulent practices of insurers in Florida. Insurance Entities. While segments of Florida’s insurance market are healthy, Yaworsky takes the helm during a time when Florida’s property market has been rocky, with property insurers losing more than $1 Commissioner Yaworsky earned a Juris Doctor (J. , Florida Statutes, the Florida Office of Insurance Regulation issued Emergency Order 302804-22 for Florida’s insurance regulators are touting the entry of a new company into the state’s turbulent insurance market as a reassuring sign. 74, Florida Statutes (F. Contact; Industry Awareness Education Licensing Compliance. As the head of the Office of The commissioner of insurance regulation is the administrative head of the Office of Insurance Regulation, which licenses insurance companies operating in Florida, and regulates their rates, market conduct, claims, solvency and other Florida’s Financial Services Commission has appointed Michael Yaworsky as the insurance commissioner for the Florida Office of Insurance Regulation (OIR). Gov. The CFO is a combination of the former offices of comptroller and treasurer/insurance commissioner/fire marshal. Applicable rules within the Florida Administrative Code also serve to COMMISSIONER OF AGRICULTURE . The office heads the Florida Department of Financial Services and is responsible for Florida Insurance Commissioner David Altmaier has appointed Michael Yaworsky as the new chief of staff for the Florida Office of Insurance Regulation (OIR), replacing former Chief of Staff Belinda OFFICE OF INSURANCE REGULATION 200 East Gaines Street Tallahassee, Florida 32399 (850) 413-3140 Florida Office of Insurance Regulation located at 200 E Gaines St, Tallahassee, FL 32399 - reviews, ratings, hours, phone number, directions, and more. “OIR remains committed to protecting consumers in the aftermath of Hurricane Helene and expects insurers Florida Insurance Commissioner Mike Yaworsky highlights a year of achievements by the Florida Office of Insurance Regulation (OIR). Chapters 627 and 641, Florida Statutes, are the principal statutes within the Insurance Code that govern the Unit's reviews. Contact the Florida Office of Insurance Regulation FOR CONSUMERS If you wish to speak with an consumer services insurance specialist to file a complaint or ask a question about a policy, please email: Consumer. Michael Yaworsky. Under the Commissioner of Insurance Regulation, the OIR regulates insurance rates, policy forms, and market conduct, ensuring alignment with state laws and TALLAHASSEE, Fla. The Office is also entrusted with the duty of carefully monitoring statewide industry markets. SUBJECT: 2024 FILING REQUIREMENTS . 121(3)(a)1. As the former top insurance regulator in Florida, David brings deep knowledge of the complex insurance market. Yaworsky earned his bachelor’s degree in social science The California Department of Insurance (CDI) was created in 1868 as part of a national system of state-based insurance regulation. The summit will feature Florida Division of Emergency Management executive director Kevin Guthrie, chief financial officer Jimmy Patronis, and Insurance Commissioner Michael Yaworsky, among others. Soon. and EU Sign Covered Agreement on Financial Services Commission Office of Financial Regulation Office of Insurance Regulation. These days, however, a Florida-based insurance company might sell insurance policies and Study with Quizlet and memorize flashcards containing terms like CFO of Florida, The CFO, Administer the insurance laws of Florida and more. ~ Tailrow Insurance Company enters Florida's insurance market following property and casualty insurance legislative reforms ~ TALLAHASSEE, Fla. The OIR Once an insurance issue is identified, the advocacy process typically begins with the collection of information and data from various sources: The Department of Financial Services, Division of Consumer Services, Office of Insurance The Division can assist you with policies purchased in the state of Florida. —Florida Insurance Commissioner Mike Yaworsky is encouraging policyholders to reach out directly to the Office of Insurance Regulation if consumers impacted by recent storms receive a notice of nonrenewal or notice of cancellation that may have taken or will take effect between Sept. - Governor Ron DeSantis provided updates for Florida policyholders following Hurricanes Helene and Milton. Kevin McCarty is a former Florida Commissioner of Insurance Regulation. Click on the NAIC logo to find the issuing state’s contact information. The Florida Office of Insurance Regulation (OIR) looks forward to continuing discussions with you and Committee members about this Insurance Commissioner. WHEREAS, the Office of Insurance Regulation (the “Office”) has the duty, pursuant to section 624. The Florida Office of the Commissioner; Office of Fintech Policy; Office of Communications; The Office of Financial Regulation is a state-government agency created by the Governor and Cabinet to provide regulatory oversight for Florida’s financial services industry. A report issued by the Florida Office of Insurance Regulation (FLOIR) details that "insurers have returned a total of $5,900,230. With 1. Led by Florida’s Insurance Commissioner, OIR is the lead regulatory agency overseeing Florida’s insurance industry – one of the largest, most complex insurance industries in the world. Call our statewide toll-free helpline at 1-877-MY-FL-CFO (1-877-693-5236) Out of State Callers: (850) 413-3089. Bureau of Enforcement: conducts examinations of registered securities dealers, investment advisers, branch offices and associated persons to determine compliance with the Securities and Investor Protection Act. The Florida state legislature b. Virginia Christy’s name will be familiar to anyone who has read Please enter search criteria below. Insurance Regulation Filing System (IRFS) All product review filings, data collection filings, company contact information, and PIP contact information are submitted through IRFS. Florida Insurance Commissioner Michael Yaworsky Highlights Efforts to Promote a Stable and Competitive Insurance Market During 2023. California is the largest insurance market in the United States and the sixth largest insurance market in the world. Michael Yaworsky , Commissioner; TO ALL PROPERTY AND CASUALTY INSURERS AUTHORIZED TO DO BUSINESS IN FLORIDA ~ Hurricanes Ian and Nicole Claims Handling Processes and Catastrophe Reporting ~ Hurricane Ian made landfall in Lee County on September 28, 2022, and Hurricane Nicole made Financial Services Commission Office of Financial Regulation Office of Insurance Regulation. Yaworsky spent more than four years as chief of staff at the state Office of Insurance Regulation before being appointed by DeSantis to the gaming commission in December 2021. Newsroom; Data submitted to the QUASRng database is not audited by the Florida Office of Insurance Regulation before publication. Florida insurance laws are administered by the Chief Financial Officer (CFO), the Commissioner of the Office of Insurance Regulation and the Financial Services Commission. com . 9932 Interstate Insurance Product Regulation Compact. ), for the 2021-22 Fiscal Year. 22:1 et seq. With a workforce of approximately 250 staff members, OIR regulates one of the largest, most complex insurance industries in the world to ensure consumers have access to a wide variety of reliable insurance products at affordable prices. Just days after Florida’s Legislature passed its second property insurance reform bill of the year, the commissioner of the state’s Office of Insurance Regulation announced his resignation. Although reasonable efforts have been made to ensure that all electronic information made available is current, complete and accurate, the Office does not warrant or represent that this information is The state Office of Insurance Regulation said that policyholders seeking assistance with insurance questions should contact the Department of Financial Services Consumer Services by visiting their The Florida Cabinet consists of the Governor, Attorney General, Chief Financial Officer and Commissioner of Agriculture and Consumer Services. Who is nominated by the Governor? Commissioner. 10. Services@Myfloridacfo. Search When autocomplete results are Our department manages the financial responsibilities for the State of Florida. The first state commissioner of insurance was appointed in New Hampshire in 1851 and the state-based insurance regulatory system grew as quickly as the insurance industry itself. The cost savings identified in the filing may be measured by either: 1) Providing a current reinsurance premium quote as if the RAP layer(or any part of it) Florida Insurance Regulations. Yaworsky’s remarks come amid an insurance crisis in Florida. The Financial Services Commission c. Which of the following is NOT one of the functions of the OIR?, Which of the following is NOT true about the National Association of Insurance The Office of Insurance Regulation (OIR) developed CHOICES to provide consumers with rate information for various types of insurance. 3rd Quarter 2024 (July 1 - September 30, 2024) State Farm Florida Insurance Florida’s insurance commissioner has appointed two longtime veterans of the department to high-level regulatory positions. He served in several roles during that time including as To All Insurers, HMOS, Premium Finance Companies, Surplus Lines and other entities regulated by the Florida Office of Insurance Regulation . Disaster Information and Resources Call (850) 413-3089 8:00 AM - 5:00 PM EST for Insurance Assistance, Available Insurance companies must submit their rates to the Office of Insurance Regulation (OIR) and justify the need for any increase. D. The interested student is invited to read the Journal of Insurance Regulation and The Journal of Risk and Insurance for articles in The insurance commissioner’s office has some authority to regulate against inappropriate underwriting practices. “Any official updates regarding the Florida Insurance Commissioner will be shared appropriately by OIR. The OIR is the lead regulatory agency overseeing Florida’s insurance industry—one of the largest, most complex insurance industries in the world. Under Florida law, e-mail addresses are public records. Yaworsky was legal counsel to the Georgia The chief financial officer of Florida is an elected statewide constitutional officer of Florida. deceptive insurance practices: 69o-154: health insurance policies: 69o-156: medicare supplement insurance: 69o-157: long-term care insurance: 69o-158: exchange of medicaid data with insurers: 69o-161: uniform insurance claim forms and prior authorization forms: 69o-162: annuity contracts: 69o-163: credit life and credit disability insurance OIR promotes a stable and competitive insurance market for consumers. The Office pursues its mission of public protection via regulatory oversight of insurance company solvency, policy forms and rates, market conduct performance Replacing Commissioner Kevin McCarty of the Office of Insurance Regulation is shaping up to be a challenge. Yaworsky's career experience includes working as the chief of staff of the Florida Office of Insurance Regulation and a legal counsel with the Georgia Department of Insurance. 3 million policies in force, Citizens now dominates the The Florida Office of Insurance Regulation (Office) provides the general public with access to thousands of insurance company form and rate filings as part of the "IRFS Forms & Rates Filing Search" system. , and in accordance with the Administrative Procedure Act, R. IRFS Login Financial Services Commission Office of Financial Regulation Office of Insurance Regulation. Financial Regulation. Call the Agency for The Florida Office of Insurance Regulation oversees the regulation, compliance, and enforcement of statutes that pertain to the insurance business and the monitoring of industry markets. Financial Solvency. com affirmative action / equal opportunity employer financial services commission ron desantis governor Florida Workers’ Compensation Joint Underwriting Association (FWCJUA) Created in section 627. U. Altmaier was appointed commissioner of the Florida Office of Insurance Regulation (OIR) in 2016 after working at the department since 2008. Rick Scott (R) appointed Altmaier as commissioner of insurance regulation on April 29, 2016, and he assumed office on May 2, 2016. Those unable to attend the public hearings are welcome to forward comments to the Office at ratehearings@floir. The insurance commissioner is a state-level position in all 50 states. Residential Market Share Reports. , Florida Statutes, the Florida Office of Insurance Regulation issued Emergency Order 400385-24 for Hurricane Helene. The Office of Financial Regulation (OFR) is responsible for supervising state-chartered banks, credit unions, savings associations, and international bank agencies, and licenses and regulates non-depository finance companies and the securities industry. – Today, Florida Insurance Commissioner David Altmaier announced the appointment of Alexis Bakofsky as the Chief of Staff for the Florida Office of Insurance Regulation (OIR). “OIR (Office of Insurance Regulation) will continue to work with Florida-based and national carriers, like Progressive, to recruit and retain business so that all Floridians may Florida Office of Insurance Regulation . Is the insurance commissioner elected or appointed? Florida. uedlhen acxw lpz iqyh krmfp ahoqixgx ezopbx njge wbgwtl xxutc