CALENDAR: Insurance-Related Meetings for the Week of February 9-13

 

 

Insurance-Related Meetings:  Week of February 9-13, 2009

 

LEGISLATIVE INTERIM COMMITTEE MEETINGS

 

 

Monday, February 9

 

Senate Policy and Steering Committee on Ways and Means

The Florida Senate Policy and Steering Committee on Ways and Means will hold a meeting on Monday, February 9, 2009 from 3:00 p.m. through 6:00 p.m. in Room 412 of the Knott Building, The Capitol, Tallahassee, Florida.

Senator J.D. Alexander (R-Winter Haven) has called Senior Officer of the Florida Hurricane Catastrophe Fund (“FHCF”) Jack Nicholson to testify about the financial condition of the FHCF. 

The Committee also will hear a presentation on health insurance dependent eligibility.

 

 

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.  A presentation by the Florida Office of Insurance Regulation is on the meeting agenda.

 

 

INSURANCE REGULATORY MEETINGS

 

Monday, February 9 and Tuesday, February 10

 

NAIC Life and Health Actuarial Task Force Meeting

The National Association of Insurance Commissioners (“NAIC”) will hold a Life and Health Actuarial Task Force meeting on Monday, February 9, starting at 1:00 p.m. (EST) and on Tuesday, February 10, starting at Noon (EST) via teleconference. The registration call-in number for both meetings is:  412.317.6715.

Items scheduled to be discussed include:

• December 15, 2008 Standard Valuation Law (“SVL”) Exposure Draft
• Excerpt From the Task Force’s Winter 2008 Meeting Regarding the SVL
  • Comments Regarding Definitions from Craig Chupp, Chief Actuary, Colorado Department of Regulatory Agencies, Division of Insurance
  • Comments Regarding Definitions from Jim Jakielo, Connecticut Department of Insurance
  • Non-Substantive Changes from John Engelhardt of the NAIC
• December 15, 2008 Standard Nonforfeiture Law for Life Insurance Exposure Draft
• Comments from the American Council of Life Insurers Urging Withdrawal of the Standard Nonforfeiture Law

 

Items scheduled to be discussed during the February 10 meeting include:

• January 22, 2009 Valuation Method-20 (“VM-20”) Exposure Draft
• Proposed VM-20 Reinsurance, Assumptions, Cash Flow and Deterministic Reserve Amendments
• Excerpt from the Task Force’s Winter 2008 Meeting Regarding VM-20

 

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 as part of the agenda:

• 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

 

NAIC Casualty Actuarial and Statistical Task Force Meeting

The National Association of Insurance Commissioners (“NAIC”) will hold a Casualty Actuarial and Statistical Task Force Meeting on Tuesday, February 10, starting at 2:00 p.m. (EST) via teleconference. The registration call-in number is:  412.317.6715.  To view the meeting agenda, click here.

 

 

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 (“FSIGA”) 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.

 

 

 

LOOKING AHEAD

 

 

Tuesday, February 17 and Wednesday, February 18

 

OIR Seeking Public Testimony On The Use of Credit Reports and Credit Scores by Insurers

The Florida Office of Insurance (“OIR”) will hold public meetings on Tuesday, February 17 and Wednesday, February 18, 2009 on Rule 69O-125.005:  Use of Credit Reports and Credit Scores by Insurers. 

Meeting details are as follows:

 

Tuesday, February 17

 

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

The purpose of the public workshop is 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

 

 

Wednesday, February 18

 

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

The purpose of the public hearing is 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.

The Florida Office of Insurance Regulation also is seeking testimony and information regarding the adverse impacts 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 which 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

 

 

Wednesday, February 25

 

OIR Rule Hearing–RESCHEDULED

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 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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