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Monday, October 14, 2013

FL Office of Insurance Regulation to Issues Guidelines on Flood Insurance

According to news sources, Kevin McCarty, Florida Insurance Commissioner, has announced that his office is currently developing simple guidelines for insurance companies that are seeking approval to write primary flood insurance in the state as an alternative to the Federal Floods Insurance Program.

McCarty explained that the guidelines will provide the structure for the approval of rates and forms for flood coverage and will also include the financial requirements for insurers to write the alternative coverage."

Learn more from the Florida Office of Insurance Regulation.