CALENDAR: Insurance-Related Meetings for the Week of May 11-15
May 11, 2009
Monday, May 11
Citizens Actuarial and Underwriting Committee Meeting
Citizens Property Insurance Corporation (“Citizens”) Actuarial and Underwriting Committee met via teleconference on Monday, May 11, starting at 9:00 a.m. Items on the agenda include:
- 2010 rate filings
- Disputed claims/appraisal policy form changes
- Commercial lines policy revisions:
- Implementation of a 30-day waiting period
- Revised requirements for property appraisals
- Personal residential multi-peril policy revisions:
- Implementation of new eligibility guidelines for plumbing, electrical and age of roof
To view the complete meeting agenda, click here.
NAIC Life and Health Actuarial Task Force Meeting
The National Association of Insurance Commissioners (“NAIC”) Life and Health Actuarial Task Force will meet via teleconference on Monday, May 11, starting at 1:00 p.m. (EST). The registration call-in number is: 412.317.6715. Items on the agenda include:
Tuesday, May 12
FHCF Advisory Council Meeting
The Florida Hurricane Catastrophe Fund (“FHCF”) Advisory Council will hold a meeting on Tuesday, May 12, from 9:00 a.m.-1:00 p.m., in the Hermitage Conference Room, Room 116, 1801 Hermitage Boulevard, Tallahassee. The call-in number for this meeting is: 888.808.6959; conference code: 4765251363. Items on the agenda include:
- May 2009 Bonding Estimates
- Approval to File Rule 19-8.028: Premium Formula for Adoption
- Approval to File Emergency Rule 19-ER09-1: Reimbursement Contract for Adoption
To view the complete meeting agenda, click here.
NAIC Catastrophe Reserve Working Group Meeting
The National Association of Insurance Commissioners (“NAIC”) Catastrophe Reserve Working Group will meet via teleconference on Tuesday, May 12, starting at 11:00 a.m. (EST). The registration call-in number is: 412.317.6715.
NAIC Accident and Health Working Group Meeting
The National Association of Insurance Commissioners (“NAIC”) Accident and Health Working Group will meet via teleconference on Tuesday, May 12, starting at 2:00 p.m. (EST). The registration call-in number is: 412.317.6715.
NAIC Casualty Actuarial and Statistical Task Force Meeting
The National Association of Insurance Commissioners (“NAIC”) Casualty Actuarial and Statistical Task Force will meet via teleconference on Tuesday, May 12, starting at 2:00 p.m. (EST). The registration call-in number is: 412.317.6715. The agenda includes a review of the Premium Deficiency Reserve Opinion Proposal (“PDR”).
To view the complete meeting agenda, click here.
NAIC Group Solvency Issues Working Group Meeting
The National Association of Insurance Commissioners (“NAIC”) Group Solvency Issues Working Group will meet via teleconference on Tuesday, May 12, starting at 2:00 p.m. (EST). The registration call-in number is: 412.317.6715.
Wednesday, May 13
Florida Cabinet Meeting
Florida Governor Charlie Crist and the Cabinet (“Cabinet”) will hold a meeting on Wednesday, May 13, starting at 9:00 a.m. in the Cabinet Meeting Room, Lower Level, The Capitol, Tallahassee. The agenda, which may be viewed by clicking here, includes insurance-related matters from the following agencies:
Florida State Board of Administration
The Florida State Board of Administration agenda will include a request for approval by the Florida Hurricane Catastrophe Fund (“FHCF”) to file Emergency Rule 19ER09-1–Reimbursement Contract and its attendant forms for adoption upon the recently-passed CS3-HB 1495 becoming law. With an effective date of June 1, 2009, and the FHCF contract year beginning at the same time, the Emergency Rule is deemed necessary to implement legislative changes in the FHCF’s Temporary Increase in Coverage Limits layer of coverage.
If Florida Governor Charlie Crist were to veto the bill, the Rule would not be needed. However, a veto is not anticipated.
The FHCF also will request the authority to file a Notice of Proposed Rulemaking to amend Rule 19-8.010, F.A.C., Reimbursement Contract, to incorporate those changes made in Emergency Rule 19ER09-1 once it has been filed and becomes effective.
Florida Office of Insurance Regulation (“OIR”)
The Florida Office of Insurance Regulation agenda will include the following:
- Request for Approval for Adoption of Proposed Rule 69O-175.008: Not at Fault Accidents.
- Request for Approval for Adoption of Proposed Rule 69O-138.005: Exams by Non-Employees.
- Note: This item was rescheduled from the April 28, 2009 Florida Cabinet meeting.
OIR Rule Hearing
The Florida Department of Financial Services, Office of Insurance Regulation (“OIR”) has issued a Notice of Proposed Rule regarding the amending of standard risk rates for indemnity health insurance plans:
- 69O-149.205: Indemnity Standard Risk Rate
If requested in writing and not deemed unnecessary by the agency head, a Rule development workshop will be held at the date, time and place shown below:
Date: Wednesday, May 13
Time: 9:30 a.m.
Place: Room 143 of the Larson Building, 200 East Gaines Street, Tallahassee
Thursday, May 14
NAIC Annuity Disclosure Working Group Meeting
The National Association of Insurance Commissioners (“NAIC”) Annuity Disclosure Working Group will meet via teleconference on Thursday, May 14, starting at 2:00 p.m. (EST). The registration call-in number is: 412.317.6715. Options on annuity illustrations are scheduled to be discussed.
LOOKING AHEAD
Monday, May 18
FHCF Rule Hearing
The Florida State Board of Administration, Florida Hurricane Catastrophe Fund (“FHCF”) has issued a Notice of Proposed Rule regarding the following Rule:
- 19-8.028: Reimbursement Premium Formula
The proposed amended Rule would establish the FHCF Reimbursement Premium Formula and adopt the 2009-2010 contract year rates.
Note: This hearing was originally scheduled to be held on March 27, 2009.
Date: Monday, May 18
Time: 2:00 p.m.-5:00 p.m.
Place: The Hermitage Conference Room, Room 116, 1801 Hermitage Blvd., Tallahassee
Tuesday, May 19 through Thursday, May 21
FCHLPM Meetings
The Florida Commission on Hurricane Loss Projection Methodology (“FCHLPM”) will hold the following meetings from Tuesday, May 19, through Thursday, May 21, in the Hermitage Conference Room, Room 116, 1801 Hermitage Blvd., Tallahassee. The call in number for the meeting is: 888.808.6959; conference code: 4765251363:
- Tuesday, May 19-10:00 a.m.-6:00 p.m.
- Wednesday, May 20-10:00 a.m.-6:00 p.m.
- Thursday, May 21-10:00 a.m.-1:00 p.m.
Hurricane loss model projection computer models submitted under the 2008 FCHLPM standards and acceptability process will be reviewed. To view the meeting notice, click here.
Tuesday, May 26
OIR Rule Hearing
The Florida Department of Financial Services, Office of Insurance Regulation (“OIR”) has issued a Notice of Rulemaking Development regarding the following Rule relating to property and casualty insurer claims reporting requirements:
- 69O-142.015: Standardized Requirements Applicable to Insurers After Hurricanes or Natural Disasters
The proposed Rule would adopt standardized reporting requirements that may be applied to insurers as a consequence of a hurricane or other natural disaster. The purpose of the workshop is to develop Rule revisions that would incorporate updated information with respect to claims reporting requirements, and to clarify the format of the required information.
If requested in writing and not deemed unnecessary by the agency head, a Rule development workshop will be held at the date, time and place shown below:
Date: Tuesday, May 26, 2009
Time: 9:30 a.m.
Place: Room 116 of the Larson Building, 200 East Gaines Street, Tallahassee
Wednesday, May 27
Florida Department of Financial Services Rule Hearing
The Florida Department of Financial Services, Division of Consumer Services has issued a Notice of Proposed Rule regarding the following Rule:
- 69J-166.002: Mediation of Commercial Residential Property Insurance Claims
The proposed Rule would establish a mediation program for resolving disputed commercial residential insurance claims to be administered by the Florida Department of Financial Services. This Rule would replace Rule 69J-2.002, F.A.C., which is no longer needed, since the number of disputed commercial residential insurance claims being mediated through outside vendors has diminished significantly. The Rule creates procedures for a notice of the right to mediation, requesting mediation, assignment of mediators, payment for mediation, scheduling mediation conferences, and the conduct of the mediation conference.
If requested in writing and not deemed unnecessary by the agency head, a Rule development workshop will be held at the date, time and place shown below:
Date: Wednesday, May 27
Time: 3:00 p.m.
Place: Room 142 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, Minnesota. To view the tentative meeting agenda, click here.
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