Belinda Miller Recipient of National Insurance Award
TALLAHASSEE, Fla. – The Florida Office of Insurance Regulation (Office) is pleased to announce that its General Counsel, Belinda Miller, is the recipient of the Robert Dineen Award for Outstanding Service and Contribution to the State Regulation of Insurance. The award was one of two bestowed this week by the National Association of Insurance Commissioners (NAIC) at its meeting in Washington D.C.
Ms. Miller was recognized for her work in helping draft some of the first legislation passed in the United States to address reduced collateral requirements for certain lines of insurance. “Belinda’s dedication and expertise have contributed significantly to a number of critical regulatory issues,” said Adam Hamm, NAIC President and North Dakota Insurance Commissioner.
Florida was the first state to allow ceding insurance companies to receive full credit on their financial statements for reinsurance purchased from non-U.S. based reinsurers that are highly rated and financially sound. This law has been applied by the Office to approve reinsurers to offer property catastrophe reinsurance in Florida.
“Belinda worked tirelessly to develop the legislation to make this change possible for the benefit of Florida’s insurance market and consumers,” said Florida Insurance Commissioner Kevin McCarty.
For more details on the law, please see Section 624.610(3)(e), Florida Statutes.
Established in 1989 and named in honor of the founder of the NAIC's Support and Services Office, the Robert Dineen Award annually recognizes career regulators for outstanding achievement.