Titular de Insurance Insights
Volume 2, No. 5 - June 2013

Noticias Útiles

- Updating you on what's going on

El Oficial Principal de Finanzas Atwater Anuncia el Arresto de Hombre del Sur de la Florida por Robar Más de $78,000 a la Asistencia Pública

Florida Chief Financial Officer Jeff Atwater announced the arrest of Renell Peters, 30, of Fort Lauderdale for public assistance fraud. Peters, a former parent counselor with Family Central Inc. of Palm Beach County, falsified official records pertaining to subsidized child care services misappropriating $75,599 and received kickbacks of approximately $2,800 by doing so.
Click here to read the press release >>

Declaración Conjunta del Oficial Principal de Finanzas, Jeff Atwater y la Defensora del Consumidor de Seguros, Robin Westcott sobre una Victoria para los Consumidores de Seguros de la Florida.

Florida CFO Jeff Atwater and Insurance Consumer Advocate Robin Westcott released a joint statement regarding the order issued by the Office of Insurance Regulation (OIR) for Universal Property and Casualty Insurance Company (UPCIC) related to their target market conduct final examination report. UPCIC is ordered to pay an administrative fine of $1.26 million for using information regarding consumers’ credit history to deny claims long after the underwriting process should have been completed.
Click here to read the press release >>

Depawix Health Resources, Inc. Ordered into Liquidation

On May 28, 2011, the Second Judicial Circuit Court entered an Order to Show Cause against Depawix Health Resources, Inc. (Depawix), and its related companies - Green Cross Managed Health Systems; Peck & Peck, Inc.; New American Health Planning; and Distribution by Datagen. Depawix claimed that it was only providing benefits to Depawix employees as defined in the Employee Retirement Income Security Act of 1974 ("ERISA"). Depawix further stated that the company was not engaged in the business of insurance and filed a Notice of Removal to Federal Court on June 2, 2011. A case management hearing took place in February 2013 in which Depawix agreed to drop its attempt to have the case moved to Federal Court and a final hearing date was set for June 11, 2013. The company consented to receivership and was placed into liquidation as of June 11, 2013.
Click here to read more information about the liquidation >>

Notice of Development of Rulemaking: Title Insurance Statistical Gathering

Pursuant to Section 627.782, Florida Statutes, title insurance agencies and insurers licensed to do business in this state must maintain and submit certain information to the OIR, including revenue, loss, and expense data. The current version of Rule 69O-186.013, F.A.C., implements the provisions of Section 627.782, Florida Statutes, by listing the types of information that must be submitted to the OIR by title insurance agencies and insurers. The OIR has proposed to strike the current language of the rule and to replace it with new language pertaining to Title Insurance Experience Reporting-Agents and Retail Offices of Direct-Writing Title Insurance Underwriters. The statistical data collected will be used for the purpose of analyzing premium rates, retention rates, and the condition of the title insurance industry. A rule development workshop, if requested, will be held on July 10, 2013 at 1:30 p.m. in Tallahassee, Florida.
Click here to read the notice and more information >>

Make Sure You Don't Miss Important Information From Us

We highly recommend licensees to routinely check their Mi Perfil account(s) for messages from the Department. We send an email notification at the same time to remind you to check your Mi Perfil account but on rare occasions you may not receive that email. For that reason, we suggest you add our domain MyFloridaCFO.com to your email software's Trusted or Safe Senders List to ensure you are able to receive email notifications from us. Licensees who have a valid email address on file with the Department, as required by law, are sent important email notifications when something that affects their application, license, continuing education, or appointment(s) occurs. Additionally, we will keep you informed with warnings regarding new schemes and scams being marketed to licensees. You can update your contact information through your Mi Perfil account. We want to keep you informed in a timely manner of pertinent information. You are still required to abide by the Florida Insurance Code regardless of whether you read the information we provide or attempt to provide.