The Financial Services Commission, Office of Insurance Regulation announces a hearing to which all persons are invited.
DATE AND TIME: November 16, 2010, 9:00 a.m.
PLACE: Room 116, Larson Building, 200 East Gaines Street, Tallahassee, Florida
GENERAL SUBJECT MATTER TO BE CONSIDERED: Florida Peninsula Insurance Company has requested rate increases for its Homeowners Preferred (Ex-sinkhole), Homeowners Elite (Ex-sinkhole), Homeowners Preferred (Sinkhole) and Homeowners Elite (Sinkhole) programs. The average statewide rate increase requested for each program is 19.1%, 19.5%, 3.3%, and 5.4%, respectively. The proposed rate increases would be effective March 1, 2011, for new business and January 1, 2011, for renewal business. The requested rate increases are not uniform and some areas are subject to higher rate increases.
Florida law allows the Office of Insurance Regulation to hold a public hearing for any purpose within the scope of the Insurance Code deemed to be necessary. Input from the insurers as well as interested parties will be received at this public hearing. If you are unable to attend this public hearing, please forward your comments to the: Office of Insurance Regulation at email: ratehearings@floir.com; the subject line of your email should read “Florida Peninsula.”
A copy of the agenda may be obtained by contacting: Rhoda K. Johnson, Esquire at (850)413-4252 or Cindy Walden at (850)413-2616.
Pursuant to the provisions of the Americans with Disabilities Act, any person requiring special accommodations to participate in this workshop/meeting is asked to advise the agency at least 48 hours before the workshop/meeting by contacting: Cindy Walden at (850)413-2616 or email: cindy.walden@floir.com. If you are hearing or speech impaired, please contact the agency using the Florida Relay Service, 1(800)955-8771 (TDD) or 1(800)955-8770 (Voice).
For more information, you may contact: Rhoda K. Johnson, Esquire at (850)413-4252 or Cindy Walden at (850)413-2616.