The four-member Florida State Cabinet voted unanimously last week to authorize a strict new regulation governing insurer use of credit records to rate customers.
Steven Parton, general counsel for the Office of Insurance Regulation, said he will sit down with Insurance Commissioner Kevin McCarty shortly to come up with a time scheme and method for introducing the new rule.
Mr. Parton said he expected that the new rule would be implemented over a period of time so the office could accommodate the additional work involved and to avoid disruption in the insurance industry, which has gone to court to oppose the regulation.
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