NU Online News Service, June 20, 2:34 p.m. EDT
Florida Gov. Rick Scott has signed into law a commercial rate deregulation bill that expands the types of commercial insurance exempt from the rate filing and approval process.
The National Association of Mutual Insurance Companies (NAMIC) in a statement says the governor's signing of the "rate modernization" bill, HB 99, is an "important component of a healthy insurance market." NAMIC adds Scott's "support of free-market principles is evidenced" by the signing of the legislation.
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