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Ex. FL-083 Order Primary source read

Informational Memorandum OIR-20-03M

Guidance for Business Continuity and Continuity of Operations Plans

Office of Insurance Regulation, Commissioner David Altmaier · Florida (Sector regulator)

The COVID Project

The record

Jurisdiction
Florida
Level
Sector regulator
Authority
EO 20-51, 20-52; Florida Insurance Code
Issued
2020-03-16 Mar. 16, 2020
Effective
2020-03-16
End
Not rescinded within the period (read as 2021-09-30)
In force
Mar. 16, 2020 to Sept. 30, 2021
Quarters
2020 Q22020 Q32020 Q42021 Q12021 Q22021 Q3
Limitation types
Telework mandateWorkplace rules
Addressees
  • all insurers and entities regulated by OIR
Functions reached
  • IN insurers' operations: continuity plans directed, same-day notice of activation
  • OF telework arrangements
Collection
Florida FL

Operative words

Understanding these measures may disrupt normal business operations, all companies regulated by OIR are directed to review and update their Business Continuity Plans and/or Continuity of Operation Plans immediately. The plans must provide a framework for the continuation of company operations, including key insurance functions such as policy issuance, premium collection, claims adjustment and payment and policyholder service.... If an insurer or other entity regulated by OIR activates its Business Continuity and/or Continuity of Operations Plan in response to COVID-19, the company must notify OIR within the same day.

Enforcement

OIR regulatory oversight (informational memorandum)

Notes

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