Volume 3, No. 7 - August 2014

News You Can Use

- Updating you on what's going on

Amended Rule Chapter Effective September 10, 2014 - Penalties for Violations by Navigators

The Florida Department of Financial Services, Division of Agent & Agency Services, hereby provides notice that amendments to Rule Chapter 69B-231, Florida Administrative Code, relating to penalties for violations by navigators have been adopted. The final adopted version of the rules will become effective on September 10, 2014.

The text for the final adopted version of the rules is available via the following links found on this page: https://www.flrules.org/gateway/ChapterHome.asp?Chapter=69B-231

Notice of Proposed Rule - Adjusters

The Florida Department of Financial Services, Division of Agent & Agency Services, hereby provides Notice of Proposed Rule for Rule Chapter 69B-220, Florida Administrative Code, relating to the conduct of public adjusters and ethical requirements for all adjusters. The notice has been filed with the Florida Department of State and was officially published in the Florida Administrative Register on August 22, 2014.

The proposed changes to Rule 69B-220.051, F.A.C., clarify the responsibilities and requirements of public adjusters and public adjuster apprentices, define the terms "adjusting services" and "public adjuster apprentice," specify the terms and conditions of public adjuster contracts, require the license number on advertisements, delete provisions that reiterate or paraphrase statutory materials, and prescribe practices to ensure fair dealing between public adjusters and claimants.

The proposed changes to Rule 69B-220.201, F.A.C., update the code of ethics for all adjusters, delete provisions that reiterate or paraphrase statutory materials, and clarify the responsibilities and requirements of all adjusters.

If requested, a rule hearing will be held on Tuesday, September 16, 2014, at 9:30 a.m. in Room 116 of the J. Edwin Larson Building, 200 E. Gaines Street, Tallahassee, FL 32399.
Click here to read the notice >>

Amended Rule Chapter Effective September 1, 2014 - Pre-licensing Education

The Florida Department of Financial Services, Division of Agent & Agency Services, hereby provides notice that amendments to Rule Chapter 69B-227, Florida Administrative Code, relating to pre-licensing education have been adopted. The final adopted version of the rules will become effective on September 1, 2014.

The text for the final adopted version of the rules is available via the following links found on this page: https://www.flrules.org/gateway/ChapterHome.asp?Chapter=69B-227

CFO Jeff Atwater Announces Arrests of Three Jacksonville Residents for PIP Fraud

Florida Chief Financial Officer Jeff Atwater announced the arrests of three Jacksonville residents for personal injury protection (PIP) fraud. Yolanda Vargas, Christian Vargas and Willdelyn Rodriguez are each charged with one count of committing a staged motor vehicle accident and one count of insurance fraud.
Click here to read the press release >>

CFO Atwater Announces Arrest of Miami Man for Stealing Nearly $1.1 Million in Insurance Premiums

Florida CFO Atwater announced the arrest of Carlos Gutierrez, the former president and owner of G.M. Underwriters in Miami, on grand theft and fraud charges after an investigation revealed he stole nearly $1.1 million in insurance premiums from seven insurance and premium finance companies.
Click here to read the press release >>

CFO Atwater Announces Dozens of Identity Theft and Workers' Compensation Fraud Arrests at Collier County Business

Florida CFO Atwater announced that an investigation in Naples by the Florida Department of Financial Services' Division of Insurance Fraud has revealed that as many as 146 employees of Fruit Dynamics, LLC, more commonly known as Incredible Fresh or Collier County Produce, may have committed workers' compensation fraud. At least 27 of these employees are also believed to have stolen the identities of victims from 25 different other states.
Click here to read the press release >>

Office Statement on Annual Workers' Compensation Rate Filing

The Office of Insurance Regulation (Office) recently received the 2015 Florida workers' compensation rate filing by the National Council on Compensation Insurance (NCCI), which proposes a statewide average rate decrease of 2.5% - the first decrease in four years.
Click here to read the Office's statement >>

Office Issues Orders Terminating Certain Cat Fund Emergency Assessments

The Florida Office of Insurance Regulation (Office) issued Orders to insurance companies terminating a 1.3% assessment on most property insurance policies that has been used to pay off past hurricane claims. The assessment will be eliminated on policies issued or renewed on or after January 1, 2015 - 18 months ahead of schedule, due to an early payoff of the bonds used to pay the claims.
Click here to read the press release >>



Make Sure You Don't Miss Important Information From Us

We highly recommend that licensees routinely check their MyProfile account(s) for messages from the Department. We send an email notification at the same time to remind you to check your MyProfile 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 MyProfile 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.