CALENDAR: Insurance-Related Meetings: August 2009
Jul 31, 2009
Week of August 3-7
Wednesday, August 5
DFS Rule Hearing
The Florida Department of Financial Services (“DFS”) Division of Workers’ Compensation has issued a Notice of Proposed Rule regarding Rule Chapter 69L-24: Insurers’ Standards and Practices.
Rule Chapter 69L-24 is being amended to concurrently repeal and replace all existing Rules with new Rules that would establish guidelines to monitor, audit and investigate regulated entities for compliance with Florida laws regarding the timely payment of benefits to injured workers and medical bills, as well as timely data reporting. Penalty guidelines also would be established for failure to comply with the statutory requirements.
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: Wednesday, August 5, 2009
Time: 10:00 a.m.
Place: Room 104-J of the Hartman Building, 2012 Capital Circle Southeast, Tallahassee
NAIC Medicare Supplement Refund Subgroup Meeting
The National Association of Insurance Commissioners (“NAIC”) Medicare Supplement Refund Formula Subgroup of the Life and Health Actuarial Task Force will meet via teleconference on Wednesday, August 5, at 1:00 p.m. (EST). The registration call-in number is: 412.317.6715.
Thursday, August 6
Florida Title Insurance Study Advisory Council Meeting
The Florida Title Insurance Study Advisory Council will meet on Thursday, August 6, at 9:30 a.m., Room 110 of the Senate Office Building, The Capitol, Tallahassee.
The Council will undertake a comprehensive examination of Florida’s title insurance system and make recommendations to the Governor and the Florida Legislature on the best course of action regarding title insurance for both consumers and the industry. Issues that will be examined include the history of title insurance in Florida, the regulatory structure, ways to obtain meaningful data to develop title insurance rates, and other pertinent topics necessary to render sound public policy recommendations. For more information on the Council, click here.
OIR Rule Development
The Florida Department of Financial Services, Office of Insurance Regulation (“OIR”) has issued a Notice of Rule Workshop regarding the following Rule:
- 69O-236.001: Annual Report Card
The proposed Rule would adopt an Annual Report Card for authorized personal residential property insurers to be used by the Office of the Florida Insurance Consumer Advocate as required by State law. The Annual Report Card would incorporate a form and a letter-grade scale that would evaluate each insurer on the following factors:
- The number and nature of consumer complaints, stated as a market share ratio, and received by the Florida Department of Financial Services (“DFS”) against the insurer;
- The disposition of all related complaints received by the DFS;
- The average length of time for payment of claims by the insurer; and
- Any other factors identified as helpful to policyholders in making informed choices about homeowner’s insurance.
This Rule Development Workshop has been rescheduled from July 8, 2009, and now will be held at the time, date, and place shown below:
Date: Thursday, August 6, 2009
Time: 2:30 p.m.
Place: Room 143 of the Larson Building, 200 East Gaines Street, Tallahassee
Week of August 10-14
Monday, August 10
NAIC Valuation Method Principles-Based Reserve Reinsurance Subgroup Meeting
The NAIC Valuation Method Principles-Based Reserve Reinsurance Subgroup of the Life and Health Actuarial Task Force will meet via teleconference on Monday, August 10, at 2:00 p.m. (EST) to discuss Valuation Method-20: Requirements for Principles-Based Reserves for Life Products. The registration call-in number is: 412.317.6715.
Tuesday, August 11
DFS Rule Development
The Florida Department of Financial Services, 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 (“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
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 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. 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.
Week of August 17-21
Monday, August 17
NAIC Valuation Method Principles-Based Reserve Reporting Subgroup Meeting
The NAIC Valuation Method Principles-Based Reserve Reporting Subgroup of the Life and Health Actuarial Task Force will meet via teleconference on Monday, August 17, at 2:00 p.m. (EST) to discuss Valuation Method-50: Experience Reporting Requirements. The registration call-in number is: 412.317.6715.
Tuesday, August 18
OIR Rule Development
The Florida Office of Insurance Regulation 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 would be revised to remove references to the My Safe Florida Home program.
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
NAIC Valuation Method Principles-Based Reserve Reporting and Review Subgroup Meeting
The NAIC Valuation Method Principles-Based Reserve Reporting and Review Subgroup of the Life and Health Actuarial Task Force will meet via teleconference on Tuesday, August 18, at 1:00 p.m. (EST) to discuss Valuation Method-30: Actuarial Opinion and Memorandum Requirements and Valuation Method-31: Reporting and Documentation Requirements for Business Subject to a Principles-Based Reserve Valuation. The registration call-in number is: 412.317.6715.
FSIGA Board of Directors Meeting
The Florida Self-Insurers Guaranty Association (“FSIGA”) Board of Directors will meet on Tuesday, August 18, at 3:00 p.m. in the Orlando World Center Marriott, 8701 World Center Drive, Orlando.
Wednesday, August 19
Board of Employee Leasing Companies Meeting
The Board of Employee Leasing Companies will meet via teleconference on Wednesday, August 19, at 10:00 a.m. The call-in number for this meeting is: 888.808.6959; conference code: 9226020.
Citizens Claims Committee Meeting
The Citizens Property Insurance Corporation (“Citizens”) Claims Committee will meet via teleconference on Wednesday, August 19, at 10:30 a.m. The call-in number for this meeting is: 888.302.3367.
NAIC Valuation Method Principles-Based Reserve Process and Coordination Subgroup Meeting
The NAIC Valuation Method Principles-Based Reserve Process and Coordination Subgroup of the Life and Health Actuarial Task Force will meet via teleconference on Wednesday, August 19, at 1:00 p.m. (EST) to discuss Valuation Method-00: The Valuation Manual and Valuation Method-01: Definitions for Terms in Requirements. The registration call-in number is: 412.317.6715.
Florida Health Insurance Advisory Board
The Florida Health Insurance Advisory Board will meet via teleconference on Wednesday, August 19, from 1:00 p.m. through 3:00 p.m. The call-in number for this meeting is: 319.279.1000; conference code: 244269.
Thursday, August 20
FWCJUA Audit Committee
The Florida Workers’ Compensation Joint Underwriting Association (“FWCJUA”) Audit Committee will meet via teleconference on Thursday, August 20, at 10:00 a.m. Call-in information will be provided when it becomes available. To view the meeting agenda, click here.
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 20, at Noon (EST) to discuss Valuation Valuation Method-20: Requirements for Principles-Based Reserves for Life Products. The registration call-in number is: 412.317.6715.
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
NAIC Valuation Method Principles-Based Reinsurance Subgroup Meeting
The NAIC Valuation Method Principles-Based Reinsurance Subgroup of the Life and Health Actuarial Task Force will meet via teleconference on Friday, August 21, at 2:00 p.m. (EST) to discuss Valuation Method-20: Requirements for Principles-Based Reserves for Life Products. The registration call-in number is: 412.317.6715.
Week of August 24-28
Monday, August 24
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 Monday, August 24, at 2:00 p.m. (EST). The registration call-in number is: 412.317.6715.
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
FWCIGA Investment Committee Meeting
The Florida Workers’ Compensation Insurance Guaranty Association (“FWCIGA”) Investment Committee will meet on Tuesday, August 25, at 12:20 p.m. in the Breakers Hotel, One South County Road, Palm Beach.
NAIC Medicare Supplement Refund Subgroup Meeting
The National Association of Insurance Commissioners (“NAIC”) Medicare Supplement Refund Formula Subgroup of the Life and Health Actuarial Task Force will meet via teleconference on Tuesday, August 25, at 1:00 p.m. (EST). The registration call-in number is: 412.317.6715.
FWCIGA Audit Committee Meeting
The Florida Workers’ Compensation Insurance Guaranty Association (“FWCIGA”) Audit Committee will meet on Tuesday, August 25, at 2:30 p.m. in the Breakers Hotel, One South County Road, Palm Beach.
Wednesday, August 26
FWCIGA Board of Directors Meeting
The Florida Workers’ Compensation Insurance Guaranty Association (“FWCIGA”) Board of Directors will meet on Wednesday, August 26, at 8:30 a.m. in the Breakers Hotel, One South County Road, Palm Beach.
NAIC Life Risk-Based Capital Working Group Meeting
The NAIC Life Risk-Based Capital Working Group of the Financial Condition Committee will meet via teleconference on Wednesday, August 26, at 2:00 p.m. (EST) to discuss steps to complete the American Academy of Actuaries’ C-3 Phase 3 proposal. The registration call-in number is: 412.317.6715.
Thursday, August 27 through Friday, August 28
Citizens Meetings
Citizens Property Insurance Corporation (“Citizens”) will hold the following Meetings on Thursday, August 27, at the Tampa Airport Marriott:
- Consumer Services Committee-12:30 p.m. The call-in number for this meeting is: 877.524.8401.
- Market Accountability Advisory Committee-2:00 p.m. The call-in number for this meeting is: 866.526.0550.
- Audit Committee-3:30 p.m. The call-in number for this meeting is: 877.260.2826.
- Finance and Investment Committee-4:30 p.m. The call-in number for this meeting is: 888.277.7951.
On Friday, August 28, Citizens will hold a Board of Governors meeting via teleconference. The call-in number for this meeting is: 888.295.6211.
Friday, August 28
FWCJUA Investment Committee Meeting
The Florida Workers’ Compensation Joint Underwriting Association (“FWCJUA”) Investment Committee will meet via teleconference on Friday, August 28, 2009 at 10:00 a.m. Call-in information will be provided when it becomes available. To view the meeting agenda, click here.
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