Requiring Approval of All Insureds and Mortgagees To Assign Policy Upheld by Florida Court

Yes ¨ No x Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. Yes ¨ No x Indicate by check mark whether the registrant: (1).

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All settlements of personal injury claims of minors must be approved by the probate court. The valued policy statute applies to any structure insured against loss by fire or lightning. Requires an insurer to notify the Ohio Department of Insurance whenever it.. Thus, the court upheld the exclusion in favor of the insurer.

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Security First Insurance Co. took the case to the 5th District Court of Appeal after the Florida Office of Insurance Regulation rejected a company proposal to add such AOB restrictions to policies.

TALLAHASSEE, Fla. – A restoration company recently asked the Florida Supreme Court to reverse a lower court’s dismissal of its lawsuit against an insurer alleging that it underpaid a $20,305.74 bill for its work on the insureds’ water damage, contending that the language of an assignment of insurance benefits was invalid and unenforceable (Restoration 1 of Port St. Lucie v.

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Law360 (March 13, 2018, 7:13 PM EDT) — A Texas appellate court on Monday allowed a generic drug developer to move forward in arbitration with claims it had been fraudulently induced to assign. did.

A panel of the appeals court upheld the position of the Office of Insurance Regulation. The Supreme Court has agreed to take up the St. Lucie County case but has not scheduled oral arguments.

Security First is a property and casualty insurance company licensed to transact business in Florida. Before issuing policy forms in Florida, Security First is statutorily required to file all forms it intends to use with OIR for approval. Here, Security First submitted proposed policy endorsements to OIR for approval.

However, if this issue reaches the Florida Supreme Court on appeal, and the court sided with insurers and ruled that an anti-assignment provision requiring the consent of all insureds and.

While the assignee has full benefit of all covenants made by the city as purchaser and all rights and remedies of the seller contained therein, the city does not have the right or power to assign its rights or to delegate its duties and obligations under the agreement without the prior consent of the assignee.