CALENDAR: Insurance-Related Meetings for the Month of February 2009
Feb 2, 2009
Insurance-Related Meetings: Month of February 2009
LEGISLATIVE INTERIM COMMITTEE MEETINGS
Week of February 2-6
Tuesday, February 3
House Government Operations Appropriations Committee
The House Government Operations Appropriations Committee will hold a meeting on Tuesday, February 3, 2009 from 8:00 a.m. through 5:00 p.m. in Room 116 of the Knott Building, The Capitol, Tallahassee, Florida.
Insurance-related items scheduled to be discussed include:
- A presentation by the Florida Department of Financial Services on the My Safe Florida Home Program
Senate Banking and Insurance Committee
The Senate Banking and Insurance Committee will hold a meeting on Tuesday, February 3, 2009 from 1:30 p.m. through 4:00 p.m. in Room 412 of the Knott Building, The Capitol, Tallahassee, Florida.
Insurance-related items scheduled to be discussed include:
- Presentations by affected parties on effects of the Florida Supreme Court Case Emma Murray v. Mariner Health, Inc.
House Insurance, Business & Financial Affairs Policy Committee
The House Insurance, Business & Financial Affairs Policy Committee will hold a meeting on Tuesday, February 3, 2009 from 6:00 p.m. through 9:00 p.m. in Room 212 of the Knott Building, The Capitol, Tallahassee, Florida.
Insurance-related items scheduled to be discussed include:
- HB 27 Relating to Residential Properties
- Presentations and discussion regarding:
- The Florida Hurricane Catastrophe Fund
- Citizens Property Insurance Corporation
- State Farm Florida’s plan to discontinue property insurance lines in Florida
Week of February 9-13
Tuesday, February 10 through Thursday, February 12
Senate General Government Appropriations Committee
The Senate General Government Appropriations Committee will hold meetings from Tuesday, February 10, 2009 through Thursday, February 12, 2009 from 9:00 a.m. through 6:00 p.m. in Room 401 of the Senate Office Building, The Capitol, Tallahassee, Florida.
Insurance-related items scheduled to be discussed include:
- Presentation by the Florida Office of Insurance Regulation
INSURANCE REGULATORY MEETINGS
Week of February 2-6
Monday, February 2
Division of Agent and Agency Services Rule Hearing
The Florida Department of Financial Services, Division of Insurance Agents and Agency Services has issued a Notice of Development of Rulemaking regarding the following Rule:
- 69B-162.011: Suitability and Disclosure in Annuity Contracts-Forms Required
The proposed Rule would adopt annuity suitability, disclosure and comparison of annuity contracts forms for use in the sale of annuities to senior consumers.
Date: Monday, February 2, 2009
Time: 9:30 a.m.
Place: Room 116 of the Larson Building, 200 East Gaines Street, Tallahassee, Florida
Tuesday, February 3
FWCJUA Producer Committee Meeting
The Florida Workers’ Compensation Joint Underwriting Association (“FWCJUA”) will hold a Producer Committee meeting on Tuesday, February 3, starting at 10:00 a.m. via teleconference. To view the meeting agenda, click here.
NAIC Workers’ Compensation Large Deductible Subgroup Meeting
The National Association of Insurance Commissioners (“NAIC”) will hold a Workers’ Compensation Large Deductible Subgroup meeting on Tuesday, February 3, starting at 2:00 p.m. (EST) via teleconference. The registration call-in number is: 412.317.6715.
Items scheduled to be discussed include:
- December 3, 2008 Memorandum from the American Academy of Actuaries Regarding First-Dollar Loss Equivalents for Large Deductible Policies
- Sample Format for Proposed Data Reporting
Wednesday, February 4
NAIC Valuation Method Principles-Based Reserve Reporting and Review Subgroup Meeting
The National Association of Insurance Commissioners (“NAIC”) will hold a Valuation Method Principles-Based Reserve Reporting and Review Subgroup meeting on Wednesday, February 4, starting at 1:00 p.m. (EST) via teleconference. The registration call-in number is: 412.317.6715.
Items scheduled to be discussed include:
- Valuation Method 30 (“VM-30”) Exposure Draft
- Proposed Amendments to VM-30 Regarding Definitions and Requirements Specific to Life Actuarial Opinions
- Clarification Amendments and Additional Comments from the American Council of Life Insurers (“ACLI”)
- Additional Non-Substantive Comments from the ACLI
- VM-31 Exposure Draft
- Amended Version of VM-31 (track changes version)
- Amended Version of VM-31 (version without tracked changes)
- Additional Proposed Amendment to VM-31 Regarding A Standardized Template for the Principles-Based Reserved Actuarial Report
Thursday, February 5
NAIC Annuity Disclosure Working Group Meeting
The National Association of Insurance Commissioners (“NAIC”) will hold an Annuity Disclosure Working Group meeting on Thursday, February 5, starting at 3:00 p.m. (EST) via teleconference. The registration call-in number is: 412.317.6715.
Items scheduled to be discussed include:
- Memorandum Regarding Disclosure to Consumers of Life and Health Insurance Guaranty Fund Coverage
- Section 19 of Model 520: The Life and Health Insurance Guaranty Association Model Act
Week of February 9-13
Tuesday, February 10
Cabinet Meeting
The Florida Governor and Cabinet (“Cabinet”) will hold a meeting on Tuesday, February 10, starting at 9:00 a.m. in the Cabinet Meeting Room, Lower Level, The Capitol, Tallahassee, Florida.
The following governmental entities are scheduled to speak:
- Florida State Board of Administration
- Florida Division of Bond Finance
- Florida Financial Services Commission – Office of Financial Regulation
- Florida Financial Services Commission – Office of Insurance Regulation
- Florida Department of Revenue
- Florida Department of Veterans’ Affairs
- Florida Department of Highway Safety and Motor Vehicles
- Florida Administration Commission
- Florida Land and Water Adjudicatory Commission
- Florida Board of Trustees of the Internal Improvement Trust Fund
Wednesday, February 11
NAIC Financial Condition Committee
The National Association of Insurance Commissioners (“NAIC”) will hold a Financial Condition Committee Meeting on Wednesday, February 11, starting at 11:00 a.m. (EST) via teleconference. The registration call-in number is: 412.317.6715.
Items scheduled to be discussed include:
- Coordinating Mechanism for Securities that Come Under Regulatory Review
- E-Committee Related Recommendations from the Credit Default Swap Working Group
FSIGA Board of Directors
The Florida Self-Insurers Guaranty Association (“FSGA”) will hold a Board of Directors meeting on Wednesday, February 11 starting at 2:00 p.m. at the FSIGA Office, 1427 East Piedmont Drive, Second Floor, Tallahassee, Florida.
Week of February 16-20
Monday, February 16
Workers’ Compensation Rule Hearing
The Florida Department of Financial Services, Division of Workers’ Compensation has issued a Notice of Development of Rulemaking regarding Rule Chapter 69L-5, which is comprised of the following Rules:
- 69L-5.101: Definitions
- 69L-5.102: General Requirements
- 69L-5.103: Application
- 69L-5.104: Alternate Method of Application
- 69L-5.105: General Requirements
- 69L-5.106: Financial Statement or Financial Summary
- 69L-5.107: Actuarial Reports
- 69L-5.108: Security Deposits
- 69L-5.109: Excess Insurance
- 69L-5.110: Experience Records
- 69L-5.111: Late Reports; Penalties
- 69L-5.112: General Requirements
- 69L-5.113: Application to Provide Servicing
- 69L-5.114: Retaining Authorization as Service Company; Recertification
- 69L-5.115: Withdrawal of Authorization
- 69L-5.116: Review and Audit
- 69L-5.117: Forms, Manuals, and Instructions
- 69L-5.201: Definitions
- 69L-5.202: Scope of Self-Insurance Authorization
- 69L-5.203: Payroll Reporting
- 69L-5.204: Maintenance of Payroll Records, Review and Audit
- 69L-5.205: Loss Data Reporting
- 69L-5.206: Maintenance of Loss Data Records, Review and Audit
- 69L-5.207: Outstanding Liabilities Reporting
- 69L-5.208: Maintenance of Outstanding Liabilities Records, Review and Audit
- 69L-5.209: Financial Statements Reporting
- 69L-5.210: Actuarial Reports
- 69L-5.211: Changes in Anniversary Rating Date
- 69L-5.212: Contact Information Reporting
- 69L-5.213: Subsidiary, Affiliate and Location Reporting
- 69L-5.214: Indemnity Agreements for Affiliated Self-Insurers
- 69L-5.215: Parental Guaranty
- 69L-5.216: Provision of Benefits and Safe Working Environment by Self-Insurers
- 69L-5.217: Civil Penalties and Fines
- 69L-5.218: Security Deposits
- 69L-5.219: Excess Insurance
- 69L-5.220: Drug-Free Workplace Premium Credit Program
- 69L-5.221: Safety Program Premium Credit
- 69L-5.222: Revocation and Employer Compliance
- 69L-5.223: Election Process
- 69L-5.224: Termination
- 69L-5.225: Requirements
- 69L-5.226: Application Process
- 69L-5.227: Alien Corporations Additional Requirements
- 69L-5.228: Termination
- 69L-5.229: Application Process
- 69L-5.230: Contracting with a Qualified Servicing Entity
- 69L-5.231: Forms and Instructions
The purpose of proposed Rule Chapter 69L-5 is to repeal all existing Rules in the Chapter and replace them with proposed new Rules providing regulatory guidelines for employers that are self-insuring workers’ compensation employment pursuant to Florida law.
Date: Monday, February 16, 2009
Time: 10:00 a.m. through Noon
Place: Room 104-J of the Hartman Building, 2012 Capital Circle Southeast, Tallahassee, Florida
Tuesday, February 17
OIR Rule Hearing
The Florida Department of Financial Services, Office of Insurance Regulation has issued a Notice of Development of Rulemaking regarding the following Rules:
- 69O-200.003: Licensing of Companies that Administer and Market Service Agreements
- 69O-200.004: Qualification to Obtain and Hold a License
- 69O-200.005: Use of the Statutory Deposit
- 69O-200.006: Contractual Liability Insurers
- 69O-200.009: Form Filings
- 69O-200.011: Disapproval of Forms
- 69O-200.013: Rate Filings
- 69O-200.014: Exemption From Financial Examination
- 69O-200.015: Forms Incorporated by Reference
- 69O-200.016: New Car Motor Vehicle Service Agreements Issued on Used Cars
The purpose of the proposed Rules is to incorporate into the existing Rules a new category of Motor Vehicle Service Agreement Companies: “Motor Vehicle Manufacturers.”
Date: Tuesday, February 17, 2009
Time: 9:30 a.m.
Place: Room 116 of the Larson Building, 200 East Gaines Street, Tallahassee, Florida
Tuesday, February 17 and Wednesday, February 18
Citizens Meetings
Citizens Property Insurance Corporation (“Citizens”) will hold the following meetings on Tuesday, February 17 and Wednesday, February 18 at the Tampa Airport Marriott in Tampa, Florida:
- Citizens Audit Committee-Tuesday, February 17 at 2:30 p.m. The call-in number for this meeting is: 877.260.2826
- Citizens Finance and Investment Committee-Tuesday, February 17 at 4:00 p.m. The call-in number for this meeting is: 888.277.7951
- Citizens Board of Governors-Wednesday, February 18 at 10:00 a.m. The call-in number for this meeting is: 888.295.6211
Wednesday, February 18
Board of Employee Leasing Companies
The Board of Employee Leasing Companies will hold a meeting on Wednesday, February 12, starting at 10:00 a.m. at the Department of Business and Professional Regulation, 1940 North Monroe Street, Tallahassee, Florida.
OIR Rule Hearing
The Florida Department of Financial Services, Office of Insurance Regulation has issued a Notice of Proposed Rule regarding the following Rule:
- 69O-175.008: Unfair Discrimination in Private Passenger Motor Vehicle Insurance Rates – Based on History of Accidents
The purpose of the proposed Rule is to clarify that imposing additional premium on an existing or new insured based upon not-at-fault accidents is a violation of Florida law.
Date: Wednesday, February 18, 2009
Time: Noon
Place: Room 116 of the Larson Building, 200 East Gaines Street, Tallahassee, Florida
Thursday, February 19 and Friday, February 20
FWCJUA Meetings
The Florida Workers’ Compensation Joint Underwriting Association (“FWCJUA”) will hold the following meetings on Thursday, February 19 and Friday, February 20 via teleconference:
- Rates & Forms Committee-Thursday, February 19 starting at 9:00 a.m.
- Board of Governors-Friday, February 20 starting at 2:00 p.m.
Week of February 23-27
Monday, February 23
NAIC Annuity Disclosure Working Group Meeting
The National Association of Insurance Commissioners (“NAIC”) will hold an Annuity Disclosure Working Group meeting on Monday, February 23, starting at 3:00 p.m. (EST) via teleconference. The registration call-in number is: 412.317.6715.
NAIC Catastrophe Modeling Subgroup Meeting
The National Association of Insurance Commissioners (“NAIC”) will hold a Catastrophe Modeling Subgroup meeting on Monday, February 23, starting at 3:00 p.m. (EST) via teleconference. The registration call-in number is: 412.317.6715.
Tuesday, February 24
FWCIGA Investment Committee Meeting
The Florida Workers’ Compensation Insurance Guaranty Association (“FWCIGA”) Investment Committee will hold a meeting on Tuesday, February 24, starting at 10:00 a.m. via teleconference.
FWCJUA Investment Committee Meeting
The Florida Workers’ Compensation Joint Underwriters Association (“FWCJUA”) Investment Committee will hold a meeting on Tuesday, February 24, starting at 10:00 a.m. via teleconference.
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