Which of the following actions is the responsibility of the Office of insurance Regulating in Florida?

The Office of Insurance Regulation (OIR) is responsible for all activities concerning insurers and other risk bearing entities, including licensing, rates, policy forms, market conduct, claims, issuance of certificates of authority, solvency, viatical settlements, premium financing, and administrative supervision, as ...

What is the consent to rate in Florida?

Consent to Rate allows an insurance company to charge higher rates than a filed rate with the policyholder's approval.

How often must the Market Investigation Division examine domestic insurers in Florida?

Market conduct examinations The OIR may examine (or audit) each insurer as often as it deems necessary, but it must examine each domestic insurer at least once every 5 years.

Which of the following is not one of the 11 business units that make up the offices of insurance?

The correct answer is option d. Cybersecurity Insurance is not one of the business units within the Offices of Insurance Regulation. The traditional forms like Life, Property, Casualty, and Health are the types usually regulated by OIR.

Which of the following is not one of the 11 business units that make up the OIR?

The correct answer is d) Cybersecurity and Technology Regulation, as it is not one of the business units within OIR. The other options, a) Life and Health Financial Oversight, b) Property and Casualty Financial Oversight, and c) Workers' Compensation Oversight, are all business units that make up the OIR.

Which of the following is not a duty of the Office of insurance Regulating?

Final answer: The Office of Insurance Regulation is responsible for issuing certificates of authority, enforcing the Insurance Code, and instituting legal proceedings. It does not have the authority to enact new insurance laws.

Get Fl Oir Oir-b1-1560 2003-2024

Auditor s Printed Name Title Signature Attach copy of proof of identification Date OIR-B1-1560 REV.

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