X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

Bermuda-based Best Doctors Insurance Ltd. has received approval from the Florida Office of Insurance Regulation (OIR) to operate as an offshore insurer. The company will operate out of offices in Miami and offer insurance to residents from countries in Central and South America.

The company is the first international insurance company to take advantage of state law HB 1087, which allows international carriers to insure foreign nationals while operating in Florida. Because these carriers will not be insuring Florida residents, they remain under the regulatory authority of their country of domicile and do not have to file a certificate of authority application with the OIR. HB 1087 was passed in the 2011 legislative session with significant backing from Florida’s Insurance Commissioner Kevin McCarty.

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.

INCLUDED IN A DIGITAL MEMBERSHIP:

  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.

Already have an account?

 

PropertyCasualty360

Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.