CALENDAR: Insurance-Related Meetings for the Month of June
May 29, 2009
Week of June 1-5
Tuesday, June 2
Citizens Actuarial and Underwriting Committee Meeting
The Citizens Property Insurance Corporation (“Citizens”) Actuarial and Underwriting Committee will meet via teleconference on Tuesday, June 2, starting at 1:00 p.m. The call-in number for this meeting is: 866.631.2413.
Tuesday, June 2 and Wednesday, June 3
FCHLPM Meetings
The Florida Commission on Hurricane Loss Projection Methodology (“FCHLPM”) has scheduled a two-day meeting on Tuesday, June 2, and Wednesday, June 3, from 10:00 a.m. to 6:00 p.m., in the Hermitage Conference Room, Room 116, 1801 Hermitage Blvd., Tallahassee. The call-in number for the meetings is: 888.808.6959; conference code: 4765251363.
The following hurricane loss projection computer models will be reviewed:
- HurLoss Version 4.2.a from Applied Research Associates, Inc.
- Florida Public Hurricane Loss Model Version 3.1
- RiskLink Version 8.0.1a from Risk Management Solutions, Inc.
- EQECAT Florida Hurricane Model 2009 from EQECAT, Inc.
To view the June 2 and 3 meeting agenda, click here. To view the meeting notice, click here.
Note: The June 2 and 3 FCHLPM meetings are rescheduled from Wednesday, May 20 and Thursday, May 21.
Wednesday, June 3
NAIC Property Risk-Based Capital Working Group Meeting
The National Association of Insurance Commissioners (“NAIC”) Property Risk-Based Capital Working Group will meet via teleconference on Wednesday, June 3, starting at 2:00 p.m. (EST). The registration call-in number is: 412.317.6715.
Thursday, June 4
Florida Title Insurance Study Advisory Council Meeting
The Florida Title Insurance Study Advisory Council will meet on Thursday, June 4, starting 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.
Week of June 8-12
Monday, June 8
Citizens Market Accountability Advisory Committee Meeting
The Citizens Property Insurance Corporation (“Citizens”) Market Accountability Advisory Committee will meet via teleconference on Monday, June 8, starting at 9:30 a.m. The call-in number for this meeting is: 866.526.0550.
Tuesday, June 9
FWCJUA Board of Governors Meeting
The Florida Workers’ Compensation Joint Underwriting Committee (“FWCJUA”) will meet via teleconference on Tuesday, June 9, starting at 8:30 a.m.
Florida Cabinet Meeting
Florida Governor Charlie Crist and the Cabinet (“Cabinet”) will meet on Tuesday, June 9, starting 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 Florida Financial Services Committee agenda include:
- 69O-142.015: Standardized Requirements Applicable to Insurers After Hurricanes or Natural Disasters for publication
- 69O-189.003: Workers’ Compensation; Application and Audit Procedures for publication
- Chapter 69O-156 Part I: Requirements of Medicare Supplement Insurance for publication
- 69O-149.205: Standard Risk Rates for adoption
OIR Rule Hearing
The Florida Department of Financial Services, Office of Insurance Regulation has issued Notices of Proposed Rulemaking regarding proposed changes to its annual and quarterly insurer reporting requirements and the update of the adopted 2008 National Association of Insurance Commissioners (“NAIC”) Financial Examiners Handbook to the 2009 version.
Amendments to the following Rules will be considered:
- 69O-137.001: Annual and Quarterly Reporting Requirements. To view the Notice, click here.
- 69O-138.001: NAIC Financial Examiners Handbook Adopted. To view the Notice, click here.
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, June 9, 2009
Time: 9:30 a.m.
Place: Room 143 of the Larson Building, 200 East Gaines Street, Tallahassee
Thursday, June 11 through Friday, June 12
FHCF Ninth Annual Participating Insurers Workshop
The Florida Hurricane Catastrophe Fund (“FHCF”) will hold its Ninth Annual Participating Insurers Workshop on Thursday, June 11, through Friday, June 12, at Disney’s Coronado Springs Resort, Orlando.
To view the complete meeting agenda, click here. To access the registration form, click here. For further information on the Workshop, click here.
Saturday, June 13 through Tuesday, June 16
NAIC Summer 2009 National Meeting
The National Association of Insurance Commissioners (“NAIC”) will hold its Summer 2009 National Meeting on Saturday, June 13, through Tuesday, June 16, at the Minneapolis Convention Center, Minneapolis. To view the meeting preview, click here.
PLEASE NOTE: The Suitability of Annuity Sales Working Group meeting scheduled to be held on Sunday, June 14, from 8:00 a.m.-9:30 a.m. has been CANCELED.
Week of June 15-19
Tuesday, June 16
OIR Rule Hearing
The Florida Department of Financial Services, Office of Insurance Regulation (“OIR”) has issued a Notice of Proposed Rulemaking regarding the following Rule:
- 69O-164.040: Determining Reserve Liabilities for Preneed Life Insurance
The original purpose of the proposed Rule was to recognize the inadequacy of the National Association of Insurance Commissioners (“NAIC”) 2001 Commissioners Standard Ordinary Life Valuation Mortality Table for use in determining the minimum standard of valuation and the minimum standard non-forfeiture value, and to require the continued use of the 1980 Commissioners’ Standard Ordinary Life Valuation Mortality Table for use in determining those standards. After reviewing revisions to the NAIC model regulations, the OIR is recommending addition of Rule 69O-164.040 to the Florida Administrative Code.
Date: Tuesday, June 16, 2009
Time: 9:30 a.m.
Place: Room 143 of the Larson Building, 200 East Gaines Street, Tallahassee
DFS Rule Hearing
The Florida Department of Financial Services (“DFS”), Division of Agent and Agency Services has issued a Notice of Proposed Rule regarding the following Rule:
- 69B-162.011: Suitability and Disclosure in Annuity Contracts-Forms Required
The proposed Rule would adopt an Annuity Suitability Form and a Disclosure and Comparison Form to be used when an insurance agent sells an annuity to a senior consumer.
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, June 16, 2009
Time: 9:30 a.m.
Place: Room 142 of the Larson Building, 200 East Gaines Street, Tallahassee
OIR Rule Hearing
The Florida Department of Financial Services, Office of Insurance Regulation (“OIR”) has issued a Notice of Proposed Rule regarding the following Rules:
- 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
The section of Florida law relating to credit life and credit disability insurance is being amended to address statutory changes contained in House Bill 343, which Florida Governor Charlie Crist signed into law on May 28, 2008.
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, June 16, 2009
Time: 11:00 a.m.
Place: Room 143 of the Larson Building, 200 East Gaines Street, Tallahassee
Tuesday, June 16 and Wednesday, June 17
Board of Employee Leasing Companies Meetings
The Florida Board of Employee Leasing Companies will meet on Tuesday, June 16, at 1:00 p.m., and Wednesday, June 17, at 10:00 a.m. at the Four Seasons Resort Palm Beach, 2800 South Ocean Boulevard, Palm Beach.
Wednesday, June 17
DFS Rule Hearing
The Florida Department of Financial Services, Division of Agents and Agency Services issued a Notice of Proposed Rule regarding the following Rules relating to insurance agent continuing education compliance:
- 69B-228.030: Definitions
- 69B-228.220: Licensee Compliance; Requirements; Penalties for Non-Compliance
The proposed Rule amendments would delete the term “satellite,” thereby allowing continuing education courses that would have fallen into that category to be subject to the same compliance standards as other similar courses. A definition of “printed material” is added to allow for electronic text documents, provided they are readily printable. Rule 69B-228.220 is amended to require public adjusters to complete their continuing education in public adjuster courses.
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, June 17, 2009
Time: 9:30 a.m.
Place: Room 142 of the Larson Building, 200 East Gaines Street, Tallahassee
Week of June 22-26
Wednesday, June 24
DFS Rule Hearing
The Florida Department of Financial Services (“DFS”), Division of Workers’ Compensation has issued a Notice of Proposed Rulemaking regarding Rule Chapter 69L-5: Rules for Self-Insurers Under the Workers’ Compensation Act.
Rule Chapter 69L-5 is being amended to concurrently repeal and replace all existing Rules with new Rules that have been restructured and renumbered to clarify the workers’ compensation statutory compliance process used by self-insured employers.
If requested in writing within 21 days of the date of this Notice, a hearing will be held at the date, time, and place shown below (if not requested, a hearing will not be held):
Date: Wednesday, June 24, 2009
Time: 10:00 a.m.-Noon
Place: Room 104-J of the Hartman Building, 2012 Capital Circle Southeast, Tallahassee
Thursday, June 25
FIGA Board of Directors Meeting
The Florida Insurance Guaranty Association (“FIGA”) Board of Directors will meet via teleconference on Thursday, June 25, starting at 9:00 a.m. The call-in number for this meeting is: 866.365.2980; conference code: 11536950.
FSIGA Board of Directors Meeting
The Florida Self-Insurers Guaranty Association (“FSIGA”) Board of Directors will meet via teleconference on Thursday, June 25, starting at 12:30 p.m. The call-in number for this meeting is: 866.866.2214; conference code: 7903005.
Friday, June 26
Citizens Board of Governors Meeting
The Citizens Property Insurance Corporation (“Citizens”) Board of Governors will meet via teleconference on Friday, June 26, starting at 9:00 a.m. The call-in number for this meeting is: 888.295.6211.
Week of June 29 – July 3
Monday, June 29
DOR Rule Hearing
The Florida Department of Revenue (“DOR”), Miscellaneous Tax Division has issued a Notice of Proposed Rule regarding the following Rule:
- 12B-8.001: Premium Tax; Rate and Computation
The purpose of the proposed Rule amendments is to:
- Update the Rule provisions to include self-insurance funds that are subject to the insurance premium tax;
- Provide for salary tax credit exceptions;
- Incorporate information on the Florida Life and Health Insurance Guaranty Association Assessment;
- Incorporate references to Section 624.5092, F.S.; and
- Provide technical corrections, including the update of statute references, expiration dates and references, and the removal of obsolete provisions.
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: Monday, June 29, 2009
Time: 10:00 a.m.
Place: Room 118 of the Carlton Building, 501 South Calhoun Street, Tallahassee
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