The Florida Office of Insurance Regulation said last week that it interprets Florida law as saying that nonadmitted or surplus lines insurers are not required to file forms or reports with the agency, except in very limited situations.
The comments by an OIR staff official were designed to provide certainty to an industry roiled by a June decision of the state Supreme Court. That decision raised the possibility that surplus lines carriers would be required to comply with all but one section of Florida insurance laws that formerly were thought to apply only to admitted insurers.
The OIR's comments were first made last week to Gary Pullen, executive director of the Florida Surplus Lines Service Office, after he was asked at a recent statewide meeting of surplus brokers to discuss the issue with the OIR.
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