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Press Release

Florida Insurance Commissioner Joins NAIC in Signing Letter Addressed to HHS Secretary Sebelius
Friday, October 15, 2010
Contact Info:

 

Jack McDermott
Brittany Benner
850 413-2515
850 413-2515
As part of the NAIC leadership team, Commissioner Kevin McCarty signed a letter addressed to Health & Human Services Secretary Kathleen Sebelius dated October 13, 2010. The letter recommends the secretary establish a clear and timely process for consulting with individual insurance commissioners to adjust the medical loss ratio requirements scheduled to be implemented for the individual health markets on January 1, 2011.
 
The concern is that these medical loss ratio requirements could destabilize the markets and lead to a potential loss of carriers in some states. The NAIC letter signed by Commissioner McCarty and the NAIC leadership team is attached.
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Contact Info:

 

Jack McDermott
Brittany Benner
850 413-2515
850 413-2515

About the Florida Office of Insurance Regulation
The Florida Office of Insurance Regulation (Office) has primary responsibility for regulation, compliance and enforcement of statutes related to the business of insurance and the monitoring of industry markets. For more information about the Office, please visit www.floir.com or follow us on Twitter @FLOIR_comm.

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