Jennifer C. Erdelyi Law Blog

The law and governmental consulting firm of Colodny, Fass, Talenfeld, Karlinsky and Abate announced on May 11, 2012 that it has named founding partner Mike Colodny as Managing Partner. 

Mr. Colodny, who founded the Firm in the mid-1970s with Joel Fass and Howard Talenfeld, successfully developed it into its current prominence in the areas of commercial litigation, insurance regulatory law and governmental consulting. ... Read More

An audio file and interested party comments from the June 20, 2011 Florida Office of Insurance Regulation ("OIR") public Rule hearing on Form OIR-B1-1802, also known as the "Uniform Mitigation Verification Inspection Form," are now available.  

The purpose of the hearing was to consider proposed updates to the Form that would reflect 2010 statutory changes and other related issues. 

To access the audio file... Read More

The Florida Office of Insurance Regulation announced on September 1, 2011, that the state representatives of the Nonadmitted Insurance Multi-State Agreement ("NIMA") states, of which Florida is a member, met via a conference call and elected the group's first Governing Committee, which comprises three officers. 

The inaugural Chairman of NIMA will be Insurance Commissioner Mike Chaney from Mississippi, the Vice-Chairman of NIMA will be Director of Insurance Merle... Read More

FlorFlorida Department of Financial Services ("DFS") Division of Agent and Agency Services scheduled a September 7, 2011 hearing on Proposed Rule 69B-221.010, entitled "Temporary Orders of Suspension of Bail Bond Agents."

Under Section 648.45, Florida Statutes, the DFS can temporarily suspend the licenses... Read More

The Florida Surplus Lines Service Office ("FSLSO") Board of Governors ("Board") met July 27, 2011, during which it discussed the feasibility of providing Clearinghouse services for the Nonadmitted Insurance Multi-State Agreement ("NIMA").  Proposed updates to the FSLSO Accounting and Financial Policies and Procedures Manual, discussion of the FSLSO Plan of Operations, and review of various reports were also included among the agenda... Read More

Colodny, Fass, Talenfeld, Karlinsky & Abate attorney Rich Fidei was featured on A.M. Best's Insurance Law Podcast on July 27, 2011, during which he discussed surplus lines and the Nonadmitted and Reinsurance Reform Act ("NRRA"), enacted as part of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010.

In the podcast,... Read More

The Florida Surplus Lines Service Office ("FSLSO") held a National Clearinghouse Committee ("Committee") meeting on July 21, 2011, to decide what recommendations it will make to the FSLSO's Board of Governors ("Board") next week.  The recommendations concern continuing discussions with the National Association of Insurance Commissioners ("NAIC") on the operation of the Nonadmitted Insurance Multi-State Agreement ("NIMA")... Read More

The Florida Office of Insurance Regulation announced on July 15, 2011, that South Dakota has become the sixth state to join the Nonadmitted Insurance Multi-State Agreement ("NIMA")

NIMA will allow participating states to consolidate the collection, allocation and reporting of premium taxes for multi-state surplus lines insurance transactions pursuant to the Nonadmitted and Reinsurance Reform Act, part of the Dodd-Frank Wall Street Reform and Consumer Protection... Read More

The Surplus Lines Insurance Multi-State Compliance Compact ("SLIMPACT") Commission ("Commission") held its first in-person Commission meeting on July 15, 2011, without having the requisite 10 states to effectively adopt Compact rules and create a Clearinghouse.  As a result, the Commission did not have authority to approve a draft Rule to establish procedures for the adoption, amendment and repeal of SLIMPACT Commission rules or to establish... Read More

The Surplus Lines Insurance Multi-State Compliance Compact ("SLIMPACT") Commission ("Commission") held its first meeting via Webinar on June 24, 2011 to review a slate of draft bylaws that would be used to govern itself, along with a draft rule to establish procedures for the adoption, amendment and repeal of SLIMPACT Commission rules.  SLIMPACT was developed to implement the express provisions of the Nonadmitted and Reinsurance Reform... Read More