Tag: DFS

When Must Insurers Pay Death Benefits? 1st DCA Overrules State Policy

Timing is everything when it comes to when death benefits are due and payable, and the Florida Department of Financial Services got the question wrong, an appeals court has decided. The First District Court of Appeal reversed a declaration of the state agency, which had decided that life insurance funds

State Asks to Liquidate Physicians United

Florida’s Department of Financial Services on Friday asked a judge to allow a takeover of the troubled Physicians United Medicare Advantage HMO. The DFS filed a petition in Leon County Circuit Court to place the Orlando-based plan into receivership because it is insolvent. The company’s May financial statement reported assets