CALENDAR: Insurance-Related Meetings: August 10-14
Aug 10, 2009
Monday, August 10
NAIC Valuation Method Principles-Based Reserve Reinsurance Subgroup Meeting–CANCELED
The National Association of Insurance Commissioners (“NAIC”) Valuation Method Principles-Based Reserve Reinsurance Subgroup of the Life and Health Actuarial Task Force meeting scheduled to be held on Monday, August 10, at 2:00 p.m. (EST) has been canceled.
Tuesday, August 11
DFS Rule Development
The Florida Department of Financial Services (“DFS”), Division of Agent and Agency Services (“Division”) has issued a Notice of Rulemaking Development regarding the following Rule Chapter:
- 69B-241: Penalty Guidelines for Bail Bond Agents
The purpose of the proposed Rule Chapter is to establish uniform guidelines to be utilized by the Division in penalizing bail bond agents for violating Florida’s Insurance Code.
If a Rule Development Workshop is requested in writing and not deemed unnecessary by the agency head, one will be held at the date, time, and place shown below:
Date: Tuesday, August 11, 2009
Time: 9:00 a.m.
Place: Room 116 of the Larson Building, 200 East Gaines Street, Tallahassee
Florida Cabinet Meeting
Florida Governor Charlie Crist and the Cabinet will meet on Tuesday, August 11, at 9:00 a.m. in the Cabinet Meeting Room, Lower Level, The Capitol, Tallahassee. Insurance-related Rules scheduled to be discussed as part of the OIR agenda include:
- 69O-164.040: Determining Reserve Liabilities for Preneed Life Insurance
- 69O-163.0075: Term and Evidence of Insurance
- 69O-163.009: Determination of Reasonableness of Benefits in Relation to Premium Charge
- 69O-163.011: Credit Disability Insurance Rates
To view the complete Cabinet meeting agenda, click here.
NAIC Life and Health Actuarial Task Force Meeting
The NAIC Life and Health Actuarial Task Force will meet via teleconference on Tuesday, August 11, at 12:30 p.m. (EST) to discuss GRET factors, Actuarial Guideline XXXIII and the regulation of credit default swaps. The registration call-in number is: 412.317.6715.
Tuesday, August 11 through Thursday, August 13
Florida Commission on Hurricane Loss Projection Methodology Meetings
The Florida Commission on Hurricane Loss Projection Methodology (“FCHLPM”) will meet from 9:00 a.m. through 4:00 p.m. on Tuesday, August 11, Wednesday, August 12, and Thursday, August 13, in the Hermitage Centre Conference Room, Hermitage Centre, 1801 Hermitage Boulevard, Tallahassee. The call-in number for this meeting is: 888.808.6959; conference code: 4765251363.
During the three-day meeting, the FCHLPM Windstorm Committee is scheduled to receive testimony and data regarding the implementation of windstorm mitigation discounts, credits, other rate differentials, and appropriate reductions in insurance deductibles.
To view the complete meeting agenda, click here. To view the meeting Notice, click here.
Wednesday, August 12
NAIC Joint Meeting: Capital Adequacy Task Force and Life And Health Actuarial Task Force
The NAIC Capital Adequacy Task Force will meet jointly with the Life and Health Actuarial Task Force via teleconference on Wednesday, August 12, at 1:00 p.m. (EST). The registration call-in number is: 412.317.6715.
Thursday, August 13
NAIC Valuation Method Principles-Based Reserve Life Subgroup Meeting
The NAIC Valuation Method Principles-Based Reserve Life Subgroup of the Life and Health Actuarial Task Force will meet via teleconference on Thursday, August 13, at Noon (EST) to discuss Valuation Method-20: Requirements for Principles-Based Reserves for Life Products. The registration call-in number is: 412.317.6715.
FWCIGA Special Committee to Review Functional and Structural Issues Meeting
The Florida Workers’ Compensation Insurance Guaranty Association (“FWCIGA”) Special Committee to Review Functional and Structural Issues will meet via teleconference on Thursday, August 13, at 3:00 p.m. Call-in information will be provided when it becomes available.
Friday, August 14
NAIC Life and Health Actuarial Task Force Meeting
The NAIC Life and Health Actuarial Task Force will meet via teleconference on Friday, August 14, at 1:00 p.m. (EST) to discuss risks that should be included in reserves, capital and other liabilities. The registration call-in number is: 412.317.6715.
NAIC Life Insurance and Annuities Committee Meeting
The NAIC Life Insurance and Annuities Committee will meet via teleconference on Friday, August 14, at 3:00 p.m. (EST) to continue its discussion of the draft Guaranty Fund Disclosure Limitation Notice. The registration call-in number is: 412.317.6715.
LOOKING AHEAD
Tuesday, August 18
OIR Rule Development
The Florida Office of Insurance Regulation (“OIR”) has issued a Notice of Rulemaking Development regarding Rule 69O-170.0155, entitled “Forms.”
Because the My Safe Florida Home program has concluded and is no longer offering free home inspections or mitigation grants, the proposed Rule amendments would, in part, revise the following form:
- OIR-B1-1655: Notice of Premium Discounts for Hurricane Loss Mitigation references to the My Safe Florida Home program would be removed.
Amendment of the following form also has been proposed:
- OIR-B1-1802: Uniform Mitigation Verification Inspection Form revisions would incorporate terminology commonly used in the construction industry to describe the construction features to be inspected and to require the inspector and homeowner to verify that the inspector actually conducted the inspection.
If a Rule Development Workshop is requested in writing and not deemed unnecessary by the agency head, one will be held at the date, time, and place shown below:
Date: Tuesday, August 18, 2009
Time: 9:30 a.m.
Place: Room 142 of the Larson Building, 200 East Gaines Street, Tallahassee
Thursday, August 20
OIR Rule Development
The Florida Office of Insurance Regulation has issued a Notice of Rulemaking Development regarding Rule 69O-170.0144, entitled “Public Hurricane Loss Projection Model Fee Schedule.”
The proposed Rule would amend the current statutory fee schedule for residential property insurers to access and use the Florida Public Hurricane Loss Projection Model. To view the current fee, click on the Rule number above.
If a Rule Development Workshop is requested in writing and not deemed unnecessary by the agency head, one will be held at the date, time, and place shown below:
Date: Thursday, August 20, 2009
Time: 2:00 p.m.
Place: Room 142 of the Larson Building, 200 East Gaines Street, Tallahassee
Tuesday, August 25
OIR Rule Hearing
The Florida Office of Insurance Regulation has issued a Notice of Proposed Rule regarding Rule 69O-156.020, entitled “Prohibition Against Use of Genetic Information and Requests for Genetic Testing.”
The proposed Rule would adopt model revisions required by the Genetic Information Nondiscrimination Act of 2008 to the NAIC Model Regulation to Implement the NAIC Medicare Supplement Insurance Minimum Standards Model Act.
If a Rule Hearing is requested in writing and not deemed unnecessary by the agency head, one will be held at the date, time, and place shown below:
Date: Tuesday, August 25, 2009
Time: 9:30 a.m.
Place: Room 142 of the Larson Building, 200 East Gaines Street, Tallahassee
OIR Rate Hearing for Citizens Property Insurance Corporation
The Florida Office of Insurance Regulation has scheduled a public rate hearing for Citizens Property Insurance Corporation (“Citizens”) on Tuesday, August 25, 2009. To view the public rate hearing Notice, click here.
Citizens has requested rate increases for its Florida homeowners, dwelling, fire and commercial residential multi-peril insurance programs. The effective date of the proposed rate increases would be January 1, 2010 for new and renewal business. The requested rate increases are not uniform and some areas of the state would be subject to higher rate increases than others.
Details of the hearing are:
Date: Tuesday, August 25, 2009
Time: 1:00 p.m.
Place: Room 401 of the Senate Office Building, The Capitol, Tallahassee
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