Who governs Florida auto insurance companies?

The Florida Office of Insurance Regulation enforces laws that protect consumers and businesses from unfair practices of insurance companies.

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Mathew B. Sims is Editor-in-Chief and has authored, edited, and contributed to several books. He has been working in the insurance industry ensuring content is accurate for consumers who are searching for the best policies and rates...

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Dan Walker graduated with a BS in Administrative Management in 2005 and has been working in his family’s insurance agency, FCI Agency, for 15 years (BBB A+). He is licensed as an agent to write property and casualty insurance...

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Reviewed byDaniel Walker
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UPDATED: Apr 24, 2020

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Things to Remember...

  • The Florida Office of Insurance Regulation oversees insurance sold to drivers of passenger autos, trucks, vans, pickups, motorcycles, recreational vehicles, all-terrain vehicles, or any motorized land vehicle.
  • The department looks at other insurance coverage included in an auto insurance policy including liability, expense, maintenance, or loss of a vehicle.
  • The legal liability outlined in the policy is reviewed and recorded by the department.
  • FLOIR enforces statutes and laws that protect consumers and businesses from unfair practices of insurance companies in the state of Florida.
  • FLOIR offers access to various searchable databases to help consumers and businesses understand the particulars of insurance companies operating in the state of Florida.

Many Florida drivers ask “who governs Florida auto insurance companies?” The short answer to the question is The Florida Office of Insurance Regulation governs any insurance company engaged in the sales and service of auto insurance policies in the state.

At times, motorists may also ask if their state maintains a watchful eye on insurance companies that sell auto insurance.

The Florida Office of Insurance Regulation oversees insurance sold to drivers of passenger autos, trucks, vans, pickups, motorcycles, recreational vehicles, all-terrain vehicles, or any motorized land vehicle.

The department collects information and evaluates the types of auto insurance policies sold to repair damage or replace the vehicle; the vehicle’s agreed value; or the vehicle’s cash value.

The department looks at other insurance coverage included in an auto insurance policy including liability, expense, maintenance, or loss of a vehicle.

If you are looking for insurance in the state of Florida, begin by comparing rates with our FREE online tool above!

Florida Office of Insurance Regulation

FLOIR (Florida Office of Insurance Regulation) strictly evaluates coverage of hospital, surgical, medical, death, and funeral benefits offered to injured and surviving persons of the auto insurance policy.

The legal liability outlined in the policy is reviewed and recorded by the department.

All elements or components of the auto insurance policy offered by an auto insurance company in the state of Florida is reviewed with care.

The department evaluates several varieties of auto insurance for private auto use and coverage. The insurance policies included here assume that the insured person and vehicle aren’t rented or used commercially by anyone other than the insured:

  • Private Passenger liability to auto (liability for property damage or bodily injury incurred as a result of the insured vehicle)
  • Private Passenger no-fault insurance (PIP: personal injury protection)
  • Private passenger physical damage to auto (including collision damage, comprehensive coverage, or additional other coverage concerning the insured vehicle)

The department evaluates auto insurance policies for businesses underwritten or marketed in the state of Florida. These policies insure vehicles with loads of 1,500 or more; four or more vehicles; auto dealers, repair shops, garages, public parking businesses; and service stations:

  • Commercial vehicle liability (includes property damage, medical, and bodily injury, and other miscellaneous items)
  • Commercial vehicle physical damage (includes collision, miscellaneous coverage, and comprehensive insurance)

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What are Florida’s primary laws and statutes?

FLOIR enforces statutes and laws that protect consumers and businesses from unfair practices of insurance companies in the state of Florida, including references in:

  • Chapter 624 Part III (general requirements of insurers and authorizations of insurers)
  • Chapter 624 Part V (limits of auto insurance and risk; reinsurance)
  • Chapter 626 Part II; Chapter 626 Part IX (unfair trade practices of insurance sellers)
  • Chapter 627 Part I (rating organizations and rates of insurance companies)
  • Chapter 627 Part II (insurance contract); Chapter 627 Part XI (casualty insurance and motor vehicles)
  • Chapter 627 Part XVI (financing insurance premiums)
  • Chapter 627 Part XVII (insurance company reporting requirements)

What are the laws for auto insurers in Florida?

FLOIR oversees auto insurance rules relating to insurance companies operating in the state, including:

  • Florida 690-170 (relating to property & casualty insurance company rating)
  • Florida 690-175 (vehicle insurance); Florida 690-176 (requirements of vehicle insurance)
  • Florida 690-125.004 (Use of credit reports and disclosures concerning insurance applications)
  • Florida 690-142.002 (complaint ratios of insurance companies)
  • Florida 690-142.011 (insurance penalty guidelines)
  • Florida 690-167.001, .002, .004, .004, and .010 (property & casualty contracts in Florida)
  • Florida 690-171.005 and 171.008 (property & casualty insurance reporting)

Does FLOIR offer any other information to Florida drivers?

FLOIR offers access to various searchable databases to help consumers and businesses understand the particulars of insurance companies operating in the state of Florida.

Individuals may request information from the Department of Financial Services, OIR Database (to learn if the insurance company may legally operate in Florida, and license information), Rate/Form filing search, and NAIC Company Search (complaint/financial information search).

Comparing your auto insurance rates with those of other companies can be a daunting task. That’s why using our fast and free online tool is so helpful!

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References:

  1. http://www.floir.com
  2. https://www.allstate.com/tools-and-resources/car-insurance/liability-car-insurance-cover.aspx
  3. http://www.floir.com/Sections/PandC/Automobile/default.aspx
  4. https://www.geico.com/information/states/fl/
  5. https://eapps.naic.org/cis/

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