Who approves the insurance policy forms used in Florida?

In Florida, the Office of Insurance Regulation (OIR) is responsible for the approval of insurance policy forms used in the state. This role involves reviewing various types of insurance documents to ensure they comply with current legal standards and consumer protections established under Florida insurance law.

The approval process is critical as it helps to ensure that the policy language is clear, fair, and does not contain any discriminatory practices. By regulating and overseeing these forms, the OIR protects the interests of policyholders and promotes a stable insurance market.

Other entities like the Department of Financial Services and the Consumer Services Division have distinct functions and responsibilities in the regulatory system, such as consumer education and assistance, but they do not approve insurance policy forms. The Insurance Advisory Council provides input and recommendations but does not have the authority to approve forms themselves. Thus, the Office of Insurance Regulation plays a vital and specific role in ensuring that all insurance policy forms in Florida meet legal requirements and are suitable for consumers.