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Actionable news in FNHC: Federated National Holding Company,

Federated National Holding: Office Of Insurance Regulation

The following excerpt is from the company's SEC filing.

Commissioner

IN THE MATTER OF:

Federated National Insurance Company

CASE NO.: 172246-15

FINAL ORDER

THIS MATTER came on before the undersigned Insurance Commissioner of the State of

Florida for consideration and final agency action, who having considered the record in this case

and being fully advised of the premises, finds and orders as follows:

I. The OFFICE has jurisdiction over the subject matter of and parties to this proceeding.

2. FEDERATED is a domestic property and casualty insurer authorized to transact

ins urance business in Florida.

3. The OFFICE conducted an investigation into FEDERATED's activities pursuant to

Section 624.307, Florida Statutes. As a result of the investigation, the OFFICE determined that

FEDERATED was using an underwriting process that included the use of an unfiled model in its

underwriting and premium determination.

4. A Cease and Desist Order was issued on May...


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