In short order, Florida Insurance Commissioner Kevin McCarty quickly directed all the joint underwriting associations and quasi-governmental insurers in the state to submit, for OIR review, their respective standards of conduct for directors, officers, and senior management.
"It is imperative that the residual markets in our state protect the interest of their policyholders by enhancing the post-employment and conflict-of-interest policies in their plans of operation," McCarty said.
His letter set a Dec. 15th deadline for boards to submit necessary amendments that reflect greater transparency and accountability in their operations.
Continue Reading for Free
Register and gain access to:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
