CALENDAR: Insurance-Related Meetings for the Week of May 25-29
May 22, 2009
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 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 Cabinet Meeting
Florida Governor Charlie Crist and the Cabinet (“Cabinet”) will hold a meeting on Wednesday, May 27, starting at 9:00 a.m. in the Cabinet Meeting Room, Lower Level, The Capitol, Tallahassee. Florida State Board of Administration agenda items related to the Florida Hurricane Catastrophe Fund (“FHCF”) include:
- Request approval of Rule 19-8.028: Reimbursement Premium Formula along with its incorporated forms for adoption
- Request approval of an addendum to the 2009/2010 FHCF Premium Formula and Rates upon HB 1495 becoming law
- Request approval of the appointment of Dr. Judith A. Curry, meteorologist, to the FHCF Advisory Council
To view the complete meeting agenda, click here.
OIR Rule Hearing
The Florida Department of Financial Services, Office of Insurance Regulation (“OIR”) has issued a Notice of Rulemaking Development regarding the following Rules relating to health care rates and benefits:
- 69O-149.003: Rate Filing Procedures
- 69O-149.005: Reasonableness of Benefits in Relation to Premiums
- 69O-149.007: Annual Rate Certification Filing Procedures
Amendments proposed to these Rules include, respectively:
- The establishment of Rules for pooling of cancer claims;
- The prohibition of an insurer from knowingly pricing an individual rate excessively; and
- The further restriction of requirements for rate certifications to ensure the verity of annual rate filings.
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: 9:30 a.m.
Place: Room 142 of the Larson Building, 200 East Gaines Street, Tallahassee
FWCJUA Investment Committee Meeting
The Florida Workers’ Compensation Joint Underwriting Association (“FWCJUA”) Investment Committee will meet via teleconference on Wednesday, May 27, starting at 10:00 a.m. To view the meeting agenda, click here.
NAIC Life Risk-Based Capital Working Group Meeting
The National Association of Insurance Commissioners (“NAIC”) Life Risk-Based Capital Working Group will meet via teleconference on Wednesday, May 27, starting at 1:00 p.m. (EST). The registration call-in number is: 412.317.6715.
DFS 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 proposed 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, May 28
FWCIGA Special Committee to Review Functional and Structural Issues Meeting
The Florida Workers’ Compensation Insurance Guaranty Associations’ (“FWCIGA”) Special Committee to Review Functional and Structural Issues will meet on Thursday, May 28, starting at 10:00 a.m., 1400 Oven Park Drive, Tallahassee. Items scheduled to be discussed include:
To view the complete meeting agenda, click here.
NAIC Annuity Disclosure Working Group Meeting
The National Association of Insurance Commissioners (“NAIC”) Annuity Disclosure Working Group will meet via teleconference on Thursday, May 28, starting at 2:00 p.m. (EST). The registration call-in number is: 412.317.6715.
Friday, May 29
Workers’ Compensation Rule Hearing
The Florida Department of Financial Services, Division of Workers’ Compensation has issued a Notice of Proposed Rule regarding the following Rule:
- 69L-6.025: Conditional Release of Stop Work Order and Periodic Payment Agreement
The proposed Rule amendment would provide clarification on procedures regarding the conditional release of stop-work orders and the reinstatement of stop-work orders where employers have defaulted on penalty payment obligations.
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: Friday, May 29
Time: 10:00 a.m.
Place: Room 104-J of the Hartman Building, 2012 Capital Circle S.E., Tallahassee
FWCJUA Operations/Rates and Forms Committees Meeting
The Florida Workers’ Compensation Joint Underwriting Association (“FWCJUA”) Operations and Rates and Forms Committees will hold a joint meeting via teleconference on Friday, May 29, starting at 10:00 a.m. To view the meeting agenda, click here.
Citizens Information Systems Advisory Committee Meeting
The Citizens Property Insurance Corporation (“Citizens”) Information Systems Advisory Committee will meet via teleconference on Friday, May 29, starting at 1:00 p.m. The call-in number for this meeting is: 866.765.5861. Items scheduled to be discussed include Citizens’ 2010 rate filings and projects.
LOOKING AHEAD
Tuesday, June 2
Citizens Actuarial and Underwriting Committee Meeting
The Citizens Property Insurance Corporation (“Citizens”) Actuarial and Underwriting Committee will meet via teleconference on Tuesday, June 2, starting at 1:00 p.m. The call-in number for this meeting is: 866.631.2413.
Tuesday, June 2 and Wednesday, June 3
FCHLPM Meetings
The Florida Commission on Hurricane Loss Projection Methodology (“FCHLPM”) will hold meetings on Tuesday, June 2, and Wednesday, June 3, 10:00 a.m.-6:00 p.m., in the Hermitage Conference Room, Room 116, 1801 Hermitage Blvd., Tallahassee.
Hurricane loss model projection computer models submitted under the 2008 standards and acceptability process will be reviewed.
Note: The June 2 and 3 FCHLPM meetings were originally scheduled to be held on Wednesday, May 20 and Thursday, May 21.
Thursday, June 4
Florida Title Insurance Study Advisory Council Meeting
The Florida Title Insurance Study Advisory Council will meet on Thursday, June 4, starting at 9:30 a.m., Room 110 of the Senate Office Building, The Capitol, Tallahassee. The Title Insurance Study Advisory Council will undertake a comprehensive examination of Florida’s title insurance system and make recommendations to the Governor and the Florida Legislature on the best course of action regarding title insurance for both consumers and the industry. Issues that will be examined by the Council include the history of title insurance in Florida, the regulatory structure, ways to obtain meaningful data to develop title insurance rates, and other pertinent topics necessary to render sound public policy recommendations. For more information on the Florida Title Insurance Study Advisory Council, click here.
Tuesday, June 9
OIR Rule Hearing
The Florida Department of Financial Services, Office of Insurance Regulation has issued the attached Notice 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
- 69O-138.001: NAIC Financial Examiners Handbook Adopted
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 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. To view the meeting preview, click here.
Tuesday, June 16
OIR Rule Hearing
The Florida Department of Financial Services, Office of Insurance Regulation (“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 National Association of Insurance Commissioners (“NAIC”) 2001 Commissioners Standard Ordinary Life Valuation Mortality Table for use in determining the minimum standard of valuation and the minimum standard 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.
Originally proposed for adoption in November 2008, the Rule now will be considered at a rescheduled hearing on June 16, 2009.
Time: 9:30 a.m.
Place: Room 143 of the Larson Building, 200 East Gaines Street, Tallahassee
If no hearing is requested within 21 days of the May 7, 2009 notice, one will not be held.
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