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

Mar 6, 2009

 

Insurance-Related Meetings for the Week of March 9-13

 

 

LEGISLATIVE COMMITTEE MEETINGS

 

 

Monday, March 9

 

Joint Legislative Auditing Committee

The Joint Legislative Auditing Committee will meet on Monday, March 9, 4:00-6:00 p.m. in Room 401, The Capitol, Tallahassee.  Insurance-related agenda items include:

  • Presentation and discussion of Auditor General Report 2009-12–The Citizens Property Insurance Corporation Operational Audit

 

Tuesday, March 10

 

House Insurance, Business and Financial Affairs Policy Committee

The House Insurance, Business and Financial Affairs Policy Committee will meet on Tuesday, March 10, 8:00 a.m.-Noon in Webster Hall, The Capitol, Tallahassee. 

 

Senate Community Affairs Committee

The Senate Community Affairs Committee will meet on Tuesday, March 10, 10:30 a.m.-12:30 p.m. in Room 412 of the Knott Building, The Capitol, Tallahassee.  Insurance-related bills on the agenda include:

  • SB 742 Relating to Sinkhole Losses by Senator Mike Fasano (R-New Port Richey)

 

Senate Banking and Insurance Committee

The Senate Banking and Insurance Committee will meet on Tuesday, March 10, 2:15-4:15 p.m. in Room 412 of the Knott Building, The Capitol, Tallahassee.  Insurance-related bills on the agenda include:

  • SB 714 Relating to Condominium Insurance by Senator Dennis Jones (R-Seminole)
  • SB 1138 Relating to Self-Insurance Funds/Electric Cooperatives by Senator Don Gaetz (R-Ft. Walton Beach)
  • SB 1432 Relating to Insurance Premiums by Senator Ronda Storms (R-Brandon)
  • SB 1372 Relating to Insurance by Senator Mike Bennett (R-Bradenton)

 

Thursday, March 12

 

Senate Session                                    

The Florida Senate will hold Session on Thursday, March 12, 10:00 a.m.-Noon in the Senate Chambers, The Capitol, Tallahassee. 

 

 

To view the complete Senate calendar for the week of March 9-13, click here.

To view the complete House calendar for the week of March 9-13, click here.

 

 

INSURANCE REGULATORY MEETINGS

 

Tuesday, March 10

 

FWCJUA Board of Governors Meeting

The Florida Workers’ Compensation Joint Underwriting Association (“FWCJUA”) will hold a Board of Governors meeting on Tuesday, March 10, starting at 8:30 a.m. via teleconference.  To view the meeting agenda, click here.

 

Cabinet Meeting

The Florida Governor and Cabinet (“Cabinet”) will hold a meeting on Tuesday, March 10, starting at 9:00 a.m. in the Cabinet Meeting Room, Lower Level, The Capitol, Tallahassee.  Insurance-related governmental entities scheduled to present include:

  • Florida State Board of Administration (“SBA”)
    • The Florida Hurricane Catastrophe Fund (“FHCF”) requests approval to proceed with a marketing approach for pursuing the purchase of the following product(s):
      • Cash capital markets products such as “pre-event financing” similar to the purchase of such products in the past
      • Bank markets standby agreements to provide the FHCF with a liquidity bridge
      • Contingent capital market products which include put options or similar agreements
      • Traditional reinsurance
      • Finite reinsurance
      • Alternative risk

As part of the Cabinet agenda, the SBA Trustees officially will meet to address the need to raise additional revenue to fund the obligations, costs and expenses of the FHCF and the Florida Hurricane Catastrophe Fund Finance Corporation.

To view the complete meeting agenda, click here.

 

Citizens Board of Governors Meeting

The Citizens Property Insurance Corporation (“Citizens”) will hold a Board of Governors meeting on Tuesday, March 10, starting at 2:00 p.m. via teleconference.  The call-in number for this meeting is 888.295.6211. 

 

 

Wednesday, March 11

 

NAIC Property and Casualty Risk-Based Capital Working Group Meeting

The National Association of Insurance Commissioners (“NAIC”) will hold a Property and Casualty Risk-Based Capital Working Group meeting on Wednesday, March 11, starting at 2:00 p.m. (EST) via teleconference. The registration call-in number is 412.317.6715.

 

 

Thursday, March 12

 

Citizens Actuarial and Underwriting Committee Meeting

The Citizens Property Insurance Corporation (“Citizens”) will hold an Actuarial and Underwriting Committee meeting on Thursday, March 12, starting at 1:00 p.m. via teleconference.  No further information is available at this time.

 

 

LOOKING AHEAD

 

Sunday, March 15 through Wednesday, March 18

 

NAIC Spring 2009 National Meeting

The National Association of Insurance Commissioners (“NAIC”) will hold its Spring 2009 National Meeting from Sunday, March 15 through Wednesday, March 18 in San Diego, California.  Meeting materials include:

 

Wednesday, March 18

 

Florida Hurricane Catastrophe Fund Rule Hearing–CANCELED

Please note:  The March 18 FHCF Rule Hearing has been canceled.  For more information, please see the March 10 SBA Cabinet agenda (above) and FHCF Advisory Council meeting (below).

The Florida State Board of Administration, Florida Hurricane Catastrophe Fund (“FHCF”) has issued a Notice of Development of Rulemaking regarding the following Rules:

  • 19-8.010: Reimbursement Contract
  • 19-8.012: Procedures to Determine Ineligibility for Participation in the Florida Hurricane Catastrophe Fund and to Determine Exemption from Participation in the Florida Hurricane Catastrophe Fund
  • 19-8.013: Revenue Bonds Issued Pursuant to Section 215.555(6), F.S
  • 19-8.029: Insurer Reporting Requirements
  • 19-8.030: Insurer Responsibilities

 

Thursday, March 19

 

Florida Commission on Hurricane Loss Projection Methodology Meeting

The Florida Commission on Hurricane Loss Projection Methodology will hold a meeting on Thursday, March 19 from 9:00 a.m.-4:00 p.m. in Room 116, Heritage Conference Room, 1801 Hermitage Boulevard, Tallahassee.  The call-in number for this meeting is:  888.808.6959; conference code:  4765251363.  Items scheduled to be discussed include:

  • A review of the hurricane loss projection model submissions received under the 2008 Standards and Acceptability Process

 

Friday, March 20 and Friday, March 27

 

FHCF Advisory Council Meetings

The Florida Hurricane Catastrophe Fund (“FHCF”) Advisory Council has scheduled meetings to be held on Friday, March 20 and Friday, March 27, 2009.

Items to be discussed include:

  • Approval of the 2009-2010 Contract Year FHCF Reimbursement Premium Formula;
  • Approval to file Rule 19-8.028: Reimbursement Premium Formula for Notice of Proposed Rulemaking;
  • To file the Reimbursement Premium Formula Rule for Adoption if no member of the public requests a timely hearing.

The Friday, March 20, meeting is scheduled from 9:00 a.m-3:00 p.m. in the Hermitage Conference Room, 1801 Hermitage Boulevard, Tallahassee.  The call-in number for this meeting is 888.808.6959; conference code:  4765251363.

If determined to be necessary during the March 20 meeting, an additional Advisory Council meeting will be held on Friday, March 27, 2009, from 10:00 a.m.-Noon via teleconference.  The call-in number for this meeting is:  888.808.6959; conference code:  4765251363. 

 

 

Thursday, March 26

 

OIR Rule Development Workshop

The Florida Department of Financial Services, Office of Insurance Regulation has scheduled a Rule Development Workshop on the following Rule:  

The purpose of the Rule Development Workshop is to solicit public testimony regarding implementation of the newly-created dependent coverage for health insurance law.  To view the Workshop Notice, click here.

Date:  Thursday, March 26, 2009
Time:  9:30 a.m.
Place:  Room 116 of the Larson Building, 200 East Gaines Street, Tallahassee

 

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