Praetorian Insurance Company has requested an average statewide rate change of -2.2% for its property collateral protection program, which is also known as “lender-placed insurance.” The proposed rate would be effective September 1, 2012 for new ...

 

DEPARTMENT OF FINANCIAL SERVICES
OIR – Insurance Regulation

The Office of Insurance Regulation announces a hearing to which all persons are invited.

DATE AND TIME: July 3, 2012, 9:00 a.m.

PLACE: Senator Jim King Committee Room 401, Senate Office Building, Tallahassee, Florida (adjacent to The Capitol)

GENERAL SUBJECT MATTER TO BE CONSIDERED: Praetorian Insurance Company has requested an average statewide rate change of -2.2% for its property collateral protection program, which is also known as “lender-placed insurance.” The proposed rate would be effective September 1, 2012, for new and renewal business. The requested rate change is not uniform. Some areas are subject to higher rates.

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 [e-mail]; the subject line of your e-mail should read “Praetorian.”

A copy of the agenda may be obtained by contacting: Ken Tinkham, Esquire, [phone] or Cindy Walden, [phone].

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, [phone] or e-mail her at [e-mail]. 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: Ken Tinkham, Esquire, [phone] or Cindy Walden, [phone].