Continuing requirements for certificate of authority. 89-233; s. 8, ch. 67-279; ss. ss. The examination may include examination of the affairs, transactions, accounts, and records relating directly or indirectly to the insurer and of the assets of the insurer’s managing general agents and controlling or controlled person, as defined in s. 625.012. 91-108; s. 4, ch. 76-168; s. 1, ch. 2, 7, ch. A insurer issuing policies or contracts pursuant to this subsection shall appoint the agents that the insurer uses to sell such policies or contracts as provided in chapter 626. The examination report so filed is admissible in evidence in any action or proceeding brought by the department or office against the person examined, or against its officers, employees, or agents. 09271: american modern insurance company of florida, inc. 03661; … florida auto insurance codes › Verified 1 days ago 77-468; ss. Installments of the taxes to which this section is applicable shall be due and payable on April 15, June 15, and October 15 in each year, based upon the estimated gross amount of receipts of insurance premiums or assessments received during the immediately preceding calendar quarter. s. 9, ch. 83-203; ss. 81-318; ss. The audit committee shall report to the board any findings of adverse financial conditions or significant deficiencies in internal controls that have been noted by the accountant. Insureds’ selection of claims-made versus occurrence coverage (Florida and countrywide). The corporation is encouraged to cooperate with any existing health service programs funded by the public or the private sector. 91-108; s. 4, ch. The summary statement must be signed and attested to by either the chief executive officer or the chief financial officer of the reporting insurer. No insurer writing private passenger automobile insurance in this state may continue to write such insurance if the insurer writes homeowners’ insurance in another state but not in this state, unless the insurer writing private passenger automobile insurance in this state is affiliated with an insurer writing homeowners’ insurance in this state. 12, 15, 809(1st), ch. Contains provisions which are unfair or inequitable, or contrary to the public policy of this state or which encourage misrepresentation. Upon any expiration, suspension, or termination thereof, the insurer shall promptly deliver the certificate of authority to the office. Link: http://www.baai-insurance.com/insurance-company-codes-florida.html, 5 hours agoUnited Automobile Insurance. 2004-390; s. 6, ch. 6, 187, 188, ch. 624.509 and 624.510, a refund of the overpayment of taxes shall be made out of the General Revenue Fund. The Legislature declares that the matters contained in this section are fundamental to the business of insurance in accordance with 15 U.S.C. Year: 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997 Search Term: Within Chapter: Link: http://www.flsenate.gov/Laws/Statutes. 2, 3, ch. 30511. 2001-377; s. 32, ch. The enterprise risk report required under ss. 2003-261. The violation, act, or breach of fiduciary duty is one involving personal dishonesty on the part of the affiliated party or the conduct jeopardizes or could reasonably be anticipated to jeopardize the financial soundness of the licensee. 76-168; s. 1, ch. 82-243; ss. Fraternal benefit society agents. Nonrenewal of residential property insurance policies. A fund shall file such reports with the office as are required by s. 624.470. The authorized insurer that is the recipient of a notice filed pursuant to this section shall report to the department on the disposition of the alleged violation. First car insurance price etc. 89-360; s. 4, ch. The total amount of salary allocated to an insurance company within the mutual insurance holding company system shall be included as that insurer’s employee salaries for purposes of this section. 76-168; s. 1, ch. 62, 64, 809(1st), ch. For purposes of this section, records may be retained as paper or electronic copies. s. 70, ch. “(1) The Department of Revenue is authorized, and all conditions are deemed met, to adopt emergency rules pursuant to s. 120.54(4), Florida Statutes, for the purpose of implementing: “(a) The amendment made by this act to s. 212.06, Florida Statutes; “(b) The provisions related to the Strong Families Tax Credit created by this act; and. 69-106; ss. Coverage for client companies may not be reflected in the Proof of Coverage Database due to the lag time that may occur in reporting, Link: https://proofofcoverage.fldfs.com/Search, Category: Mens Health, Vision HealthcareShow more, 8 hours ago2005 florida code - insurance chapter 624 insurance code: administration and general provisions chapter 625 accounting, investments, and deposits by insurers chapter 626 insurance field representatives and operations chapter 627 insurance rates and contracts chapter 628 stock and mutual insurers; holding companies, Link: https://law.justia.com/codes/florida/2005/TitleXXXVII.html, 7 hours agoFlorida Naic Insurance Company Codes Life-Healthy.Net. 90-119; ss. 2003-261; s. 14, ch. ss. 2003-261. I of the State Constitution, except as otherwise provided in this section. 91-429; s. 80, ch. 1, 2, 3, 4, 5, ch. If that person or company files an action within 30 days after receipt of notice of the public records request, the office or department may not release the documents pending the outcome of the legal action. The rate filings of any insurer domiciled in this state that is a wholly owned subsidiary of an insurer authorized to do business in any other state shall include information relating to the profits of the parent company of the insurer domiciled in this state. For the purposes of this section, liabilities do not include liabilities required under s. 625.041(5). 2002-247; s. 783, ch. “Reporting period” means the annual accounting period or fiscal year of the multiple-employer welfare arrangement. Florida Healthy Kids Corporation; operating fund. After you've looked through the various deals, you can then purchase and even manage your policy completely online with a few clicks of the mouse! 91-108; s. 4, ch. 2003-261. In the event members fail to pay assessments, the other members shall be liable on a proportionate basis for an additional assessment. 81-318; ss. Notwithstanding any other provision of law, it is conclusively presumed, for purposes of this subsection, that a person is a resident of the United States if such person has: Had his or her principal place of domicile in the United States for 180 days or more in the 365 days prior to issuance or renewal of the policy; Made a statement of domicile in any state; or. 91-429; s. 814, ch. 82-243; ss. A fund shall have the burden of proving that a rate filed is adequate if, during the first 5 years of issuing policies, the fund files a rate that is below the rate for loss and loss adjustment expenses for the same type and classification of insurance that has been filed by the Insurance Services Office and approved by the office. Get a quote. 91-108; s. 4, ch. The Florida Healthy Kids Corporation Act. Simply browse the deals applicable to your state, find the lowest price and best insurance policy for your lifestyle, and make your purchase! The office shall examine each insurer applying for an initial certificate of authority to transact insurance in this state before granting the initial certificate. 59-205; ss. The “appointment fee” portion of any appointment provided for under paragraph (8)(a) (health insurance agents, agent’s appointment, and renewal or continuation fee). The bond shall be one issued by an authorized surety insurer, shall be for the same purpose as the deposit in lieu of which it is filed, and shall be subject to the office’s approval. 2015-221; s. 14, ch. 2004-270; s. 84, ch. The acquittal of the person charged, or the final, unappealed dismissal of all charges against the person, dissolves the emergency order, but does not prohibit the department or office from instituting proceedings under paragraph (a). AMERICAN BANKERS INSURANCE COMPANY OF FLORIDA (Info) FL. 2000-126; s. 787, ch. The absence of a countersignature required under this section does not affect the validity of a policy or contract of insurance. For the purposes of this subparagraph, any representation of fact made by an independent contractor on behalf of a licensee, affirmatively communicated as a representation of the licensee to the independent contractor, shall not be considered a misrepresentation by the independent contractor; or. 76-168; s. 1, ch. Subject to the provisions of s. 409.8134, accept voluntary supplemental local match contributions that comply with the requirements of Title XXI of the Social Security Act for the purpose of providing additional Florida Kidcare coverage in contributing counties under Title XXI. 71-377; s. 3, ch. 2003-261. It is the intent of the Legislature to ensure adequate regulation of insurers and reinsurers and adequate protection for those to whom they owe obligations. 77-468; ss. 91-108; s. 4, ch. 13, 35, ch. If the coverage is not generally available, to what extent does the lack of coverage result in unreasonable financial hardship. 82-243; s. 125, ch. I of the State Constitution until the examination report is filed or until the investigation is completed or ceases to be active. 79-52; ss. In the discretion of the provider and as part of its investigative or search methods, offering a reward (but not a ransom) for information leading to the location or recovery of a natural person who is lost, missing, or abducted. Link: https://www.carinsurance.com/state-car-insurance-rates, 2 hours agoFlorida Car Insurance Information. s. 3, ch. No such dividend or refund may be approved until 12 months after the last day of the fiscal year for which the dividend or refund is payable, or such later time as the office may require in accordance with sound actuarial principles. NAIC# Company Name Org Domicile Group# /Group Name FId DMV Code Website; 25232: 21st Century Advantage Insurance Company: PC: Minnesota: 69/FARMERS INSURANCE GROUP: 223398993: 438: www.21st.com : 34789: American Bankers Insurance Company of Florida: PC: Florida: 19/Assurant, Link: https://myportal.dfs.ny.gov/companydirectory/srch_results.jsp?srch_way=dmv_all&sort_by=comp_nam¶1=&source=o&frst=dir_srch_optiono&filekey=dir, 3 hours agoListed below are the NAIC codes for our top 12 best car insurance providers for your convenience: USAA insurance code: 25968. 82-243; s. 29, ch. Any other information deemed necessary by the commission to provide the office with the ability to track litigation and claims trends occurring in the property market. 2, 3, ch. That the firm selected by the office to perform the examination has no conflicts of interest that might affect its ability to independently perform its responsibilities on the examination. 81-318; ss. 95-211; s. 3, ch. 81-178; s. 69, ch. 71, 72, ch. An insurer domiciled outside the United States covering only persons who, at the time of issuance or renewal, are nonresidents of the United States if: The insurer does not solicit, sell, or accept application for any insurance policy or contract to be delivered or issued for delivery to any person in any state; The insurer registers with the office via a letter of notification upon commencing business from this state; The insurer provides the following information, in English, to the office annually by March 1: The name of the insurer; the country of domicile; the address of the insurer’s principal office and office in this state; the names of the owners of the insurer and their percentage of ownership; the names of the officers and directors of the insurer; the name, e-mail, and telephone number of a contact person for the insurer; and the number of individuals who are employed by the insurer or its affiliates in this state; The lines of insurance and types of products offered by the insurer; A statement from the applicable regulatory body of the insurer’s domicile certifying that the insurer is licensed or registered for those lines of insurance and types of products in that domicile; and. “Licensee” means a person issued a license or certificate of authority or approval under this code or a person registered under a provision of this code. 97-102; s. 72, ch. 2011-174; s. 5, ch. 105, 417, ch. 88-206; ss. 624.436-624.446. ss. Every arrangement shall, annually within 3 months after the end of the fiscal year or within such extension of time therefor as the office for good cause may grant, file a report with the office, on forms prescribed by the commission, verified by the oath of a member of the board of trustees and by an administrative executive appointed by the board, showing its condition on the last day of the preceding fiscal year. The affixing of any signature by anyone other than the purported signer constitutes a felony of the second degree, punishable as provided in s. 775.082, s. 775.083, or s. 775.084. The department’s Division of Consumer Services may respond to complaints by consumers relating to a requirement of PPACA and report apparent or potential violations to the office and to the federal Department of Health and Human Services. Each authorized insurer shall, pursuant to s. 409.2561(5)(c), notify the Medicaid agency of a cancellation or discontinuance of a policy within 30 days if the insurer received notification from the Medicaid agency to do so. Certificate of authority required; penalties. This provision shall not be deemed to authorize any activities by an agent which are otherwise prohibited under this code. 76-168; s. 1, ch. If not reinstated, the certificate of authority shall be deemed to have expired as of the end of the suspension period or upon failure of the insurer to continue the certificate during the suspension period in accordance with subsection (2), whichever event first occurs. 77-237; s. 1, ch. 71-9(B); s. 264, ch. 2005-257; s. 9, ch. 98-132; s. 1, ch. 187, 188, ch. 2002-39; s. 786, ch. No license or permit conferred or to be conferred to such person shall be refused, suspended, or revoked based upon the use of such testimony. 83-305; s. 43, ch. The nonprofit religious organization shall provide a written disclaimer on or accompanying all applications and guideline materials distributed by or on behalf of the nonprofit religious organization. 76-168; s. 1, ch. 91-429; s. 812, ch. 90-249; s. 13, ch. “Insurer” includes every person engaged as indemnitor, surety, or contractor in the business of entering into contracts of insurance or of annuity. 2017-132. If the office requires a statement as to the insurer’s affairs elsewhere, the insurer shall file such statement with the office as soon as reasonably possible. Possesses sufficient capital and surplus to support its plan of operation as filed with the office. Florida law requires that all drivers must carry certain amounts of car insurance coverage. The board of directors shall determine the number of staff members necessary to administer the corporation. KEY TAKEAWAYS. 626.711 and 626.743 exclusive of such fees, licenses, and taxes, shall be deposited by the Department of Revenue to the credit of the Insurance Regulatory Trust Fund; provided that such excess amount shall not exceed $125,000 for 1992, and for any subsequent year shall not exceed $125,000 adjusted annually by the lesser of 20 percent or the growth in the total of such excess amount. For any self-insurer established under this section after June 1, 2008, such self-insurer must receive prior written approval from the office for any dividend or premium refunds during its first 7 years of operation. 76-168; s. 1, ch. “Domestic,” “foreign,” “alien” insurer defined. 87-99; s. 197, ch. Except as provided in s. 631.011, the “domicile” of an insurer means: As to Canadian insurers, Canada and the province under the laws of which the insurer was formed. s. 45, ch. Actuaries employed pursuant to this paragraph shall be members of the Society of Actuaries or the Casualty Actuarial Society and shall be exempt from the Career Service System established under chapter 110. Work papers include planning documentation, work programs, analyses, memoranda, letters of confirmation and representation, abstracts of company documents, and schedules or commentaries prepared or obtained in the course of such examination or investigation. Has a ratio of current assets to current liabilities of at least 2.0 to 1.0. 69-106; s. 3, ch. 94-133; s. 852, ch. s. 1, ch. If a self-insurer does not make or declare a dividend or member distribution payable during a given fund year, the required information listed in paragraph (c) shall be submitted annually, no later than 7 months after the end of the group self-insurer’s fund year. Insurers shall report the material nonrenewal, cancellation, or revision of a ceded reinsurance agreement on a nonconsolidated basis unless the insurer is part of a consolidated group of insurers which uses a pooling arrangement or a 100-percent reinsurance agreement that affects the solvency and integrity of the insurer’s reserves and the insurer has ceded substantially all of its direct and assumed business to the pool. 63-29; s. 1, ch. The carryover credit may be used in a subsequent year when the tax imposed by s. 624.509 or s. 624.510 for such year exceeds the credit under this section for such year. 120.569 and 120.57, or if a hearing is held and the department or office finds that any of the charges are proven, the department or office may enter an order directing the licensee or the affiliated party named in the complaint to cease and desist from engaging in the conduct complained of and take corrective action to remedy the effects of past improper conduct and assure future compliance. Category: Medicare Health, Mens Health, Health InsuranceShow more. An SR-22 is a document or electronic certification issued by an auto insurance company. 13, 35, ch. In addition to the summary statement, the office may require the filing of any supporting information relating to the ceding of such risks as it deems necessary. 89-305; s. 193, ch. 2002-185; s. 774, ch. “Insurer” means and includes every person as defined in s. 624.03 as limited to: Any domestic or commercially domiciled insurer who is doing business as an insurer, or has transacted insurance in this state, and against whom claims arising from that transaction may exist now or in the future. 93-415; s. 836, ch. 94-136; s. 149, ch. The deposit required under this subsection shall not exceed $2 million and is in addition to any other deposits required of an insurer pursuant to subsections (1) and (2) or any other provisions of the Florida Insurance Code. Except for information obtained by the office which would otherwise be available for public inspection, the following information held by the office is confidential and exempt from s. 119.07(1) and s. 24(a), Art. Found inside – Page 179This has caused at least a 40 percent jump in loss projections in Florida and the ... This move reneges on promises made by insurers in the mid - 1990s and ... 2014-123. The office may, upon a showing of good cause, waive the requirements of this subsection. The National Association of Insurance Commissioners model regulation for Credit for Reinsurance and Life and Health Reinsurance Agreements. Any taxpayer who fails to report and timely pay any installment of tax, who estimates any installment of tax to be less than 90 percent of the amount finally shown to be due in any quarter, or who fails to report and timely pay any tax due with the final return is in violation of this section and is subject to a penalty of 10 percent on any underpayment of taxes or delinquent taxes due and payable for that quarter or on any delinquent taxes due and payable with the final return. 13, 35, ch. 59-205; s. 13, 35, ch. 85-321; s. 49, ch. However, if an insurer in good faith is uncertain as to whether any restitution is due or as to the amount of such restitution, it shall promptly notify the office of the circumstances; and the failure to make restitution pending a determination thereof shall not constitute a violation of this code.