CALENDAR: Insurance-Related Meetings for the Week of June 8-12
Jun 8, 2009
Monday, June 8
Citizens Market Accountability Advisory Committee Meeting
The Citizens Property Insurance Corporation (“Citizens”) Market Accountability Advisory Committee met via teleconference on Monday, June 8, at 9:30 a.m. To view the meeting agenda, click here.
Tuesday, June 9
FWCJUA Board of Governors Meeting
The Florida Workers’ Compensation Joint Underwriting Committee (“FWCJUA”) will meet via teleconference on Tuesday, June 9, at 8:30 a.m. To view the meeting agenda, click here.
Florida Cabinet Meeting
Florida Governor Charlie Crist and the Cabinet (“Cabinet”) will meet on Tuesday, June 9, at 9:00 a.m. in the Cabinet Meeting Room, Lower Level, The Capitol, Tallahassee. Insurance-related Rules on the agendas include:
- Florida Financial Services Commission
- 69O-149.205: Standard Risk Rates for adoption
- 69O-189.003: Workers’ Compensation: Application and Audit Procedures for publication
- Chapter 69O-156 Part I: Requirements of Medicare Supplement Insurance for publication
- 69O-142.015: Standardized Requirements Applicable to Insurers After Hurricanes or Natural Disasters for publication
- Florida State Board of Administration
To view the complete Cabinet meeting agenda, click here.
OIR Rule Hearing
The Florida Department of Financial Services (“DFS”), Office of Insurance Regulation (“OIR”) 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 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.
LOOKING AHEAD
Tuesday, June 16
OIR Rule Hearing
The 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 NAIC 2001 Commissioners Standard Ordinary Life Valuation Mortality Table for use in determining the minimum standard of valuation and 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 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 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
Wednesday, June 17
DFS Rule Hearing
The DFS 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
Wednesday, June 24
DFS Rule Hearing
The 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
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, at 9:00 a.m. The call-in number for this meeting is: 888.295.6211. Items scheduled to be discussed include Citizens’ financial statements and Committee updates.
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 remove 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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