CALENDAR: Insurance-Related Meetings for the Week of February 16-20

 

Insurance-Related Meetings:  Week of February 16-20

 

LEGISLATIVE INTERIM COMMITTEE MEETINGS

 

Tuesday, February 17

 

House Insurance, Business & Financial Affairs Policy Committee

The House Insurance, Business & Financial Affairs Policy Committee will hold a meeting on Tuesday, February 17, 2009 from 8:15 a.m. through 9:45 a.m. in Room 212 of the Knott Building, The Capitol, Tallahassee, Florida.  Insurance-related items scheduled to be discussed include:

• HB 135  Relating to Public Records/Insured Dependents/Agency Group Plan
• HB 351  Relating to Property Insurance Rate Reduction 
• A presentation and discussion regarding:
  • The Citizens’ Property Insurance Mission Review Task Force Report

 

Wednesday, February 18

 

Senate Policy and Steering Committee on Ways and Means

The Senate Policy and Steering Committee on Ways and Means will hold a meeting on Wednesday, February 18, 2009 from 4:15 p.m. through 6:00 p.m. in Room 412 of the Knott Building, The Capitol, Tallahassee, Florida.  Insurance-related items scheduled to be discussed include:

• A presentation on Florida Hurricane Catastrophe Fund solvency

 

Thursday, February 19

 

Senate Banking and Insurance Committee

The Senate Banking and Insurance Committee will hold a meeting on Thursday, February 19, 2009 from 2:30 p.m. through 5:00 p.m. in Room 412 of the Knott Building, The Capitol, Tallahassee, Florida.  Insurance-related items scheduled to be discussed include:

• SB 742  Relating to Property Insurance Rate Reduction
• Presentations and discussion regarding:
  • State Farm Florida
  • The Florida Office of Insurance Regulation
  • Overview of the Citizens Mission Review Task Force

 

 

INSURANCE REGULATORY MEETINGS

 

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 would repeal all Rules in the existing Chapter and replace them with proposed new Rules providing regulatory guidelines for employers that are self-insuring workers’ compensation.

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 that would incorporate a new category of Motor Vehicle Service Agreement Companies called “Motor Vehicle Manufacturers” into the existing 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

Date:  Tuesday, February 17, 2009
Time:  9:30 a.m.
Place:  Room 116 of the Larson Building, 200 East Gaines Street, Tallahassee, Florida

 

Public Workshop on the Use of Credit Reports and Credit Scores by Insurers

The Florida Department of Financial Services, Office of Insurance Regulation will hold a public workshop to review proposed Rule 69O-125.005, discuss specific objections to the draft Rule language and receive suggestions for changes to the draft Rule.  To view the workshop notice, click here.

Date:  Tuesday, February 17, 2009
Time:  9:30 a.m.
Place:  Cabinet Meeting Room, Lower Level, The Capitol, Tallahassee, Florida

 

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 Tuesday, February 17, starting at 2:00 p.m. (EST) via teleconference. The registration call-in number is:  412.317.6715.  

 

 

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

 

Public Hearing on the Use of Credit Reports and Credit Scores by Insurers

The Florida Department of Financial Services, Office of Insurance Regulation will hold a public hearing to take public testimony regarding the use of credit scoring, credit history and credit models by insurers in the underwriting and rate-setting process in relation to Rule 69O-125.005.  Information is sought regarding the adverse impacts that credit scoring has on individuals based on race, color, religion, marital status, age, gender, income, national origin, or place of residence, as well as testimony regarding proposed Rules that regulate the manner in which credit scoring models are approved.  To view the hearing notice, click here.

Date:  Wednesday, February 18, 2009
Time:  9:00 a.m.
Place:  Cabinet Meeting Room, Lower Level, The Capitol, Tallahassee, Florida

 

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.

 

 

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.

 

 

LOOKING AHEAD

 

Wednesday, February 25

 

OIR Rule Hearing–RESCHEDULED

The Florida Department of Financial Services, Office of Insurance Regulation has issued a Notice of Proposed Rule Development regarding the following Rule:

• 69O-175.008: Unfair Discrimination in Private Passenger Motor Vehicle Insurance Rates – Based on History of Accidents

The proposed Rule seeks to clarify that it is a violation of Florida law for insurers to use not-at-fault accidents that occurred prior to a policyholder becoming covered by a particular insurer in determining the premium due.

Date:  Wednesday, February 25, 2009–RESCHEDULED FROM Wednesday, February 18
Time:  1:00 p.m.
Place:  Room 116 of the Larson Building, 200 East Gaines Street, Tallahassee, Florida

 

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