CALENDAR: Insurance-Related Meetings–July 20-24
Jul 17, 2009
Monday, July 20
DFS Rule Hearing
The Florida Department of Financial Services (“DFS”) Division of Risk Management (“DRM”) has issued a Notice of Proposed Rule regarding the following Rule:
- 69H-2.008: Other Forms Adopted
The proposed Rule relates to forms that will be used for requesting information from workers’ compensation claimants pursuant to the enactment of Section 111 of the Medicare, Medicaid, and State Children’s Health Insurance Program Extension Act of 2007 (“SCHIP”), which became effective on July 1, 2009.
SCHIP adds mandatory reporting requirements with respect to Medicare beneficiaries who receive settlements, judgments, awards, or other payments from liability insurance (including self-insurance), no-fault insurance, or workers’ compensation. The Division must identify any Medicare beneficiaries with existing claims and must collect certain data that will be reported to the Center for Medicare and Medicaid Services (“CMS”). The collected data will be used by CMS in processing claims billed to Medicare for reimbursement of items and services furnished to Medicare beneficiaries, as well as for the Medicare as a Secondary Payer recovery effort.
If requested in writing and not deemed unnecessary by the agency head, a Rule Hearing will be held at the time, date, and place shown below:
Date: Monday, July 20, 2009
Time: 9:30 a.m.
Place: Room 142 of the Larson Building, 200 East Gaines Street, Tallahassee
Tuesday, July 21
OIR Rule Hearing
The Florida Department of Financial Services, Office of Insurance Regulation (“OIR”) has issued a Notice of Proposed Rule regarding the following Rule:
- 69O-189.003: Workers’ Compensation: Application and Audit Procedures
The Florida Financial Services Commission is required by law to issue public notices regarding workers’ compensation coverage application, payroll audit and worker classification Rules. In 2008, the National Council on Compensation Insurance (“NCCI”) filed a proposal for a Rule addressing these matters with the OIR.
The proposed Rule, based on the NCCI proposal, would allow electronic signatures in the application for workers’ compensation coverage and in the annual audit, so long as the electronic signature process complies with Florida’s Uniform Electronic Transaction Act. While the current Rule incorporates certain NCCI publications by reference, the proposed Rule explicitly provides certain audit procedures.
The proposed Rule also would raise the threshold for an on-site audit from $5,000 to $10,000. Any audit for under $10,000 would be handled by mail to save costs for both the employer and insurance carrier.
If requested in writing and not deemed unnecessary by the agency head, a Rule Hearing will be held at the time, date, and place shown below:
Date: Tuesday, July 21, 2009
Time: 9:30 a.m.
Place: Room 116 of the Larson Building, 200 East Gaines Street, Tallahassee
Thursday, July 23 and Friday, July 24
Florida Commission on Hurricane Loss Projection Methodology Meetings
The Florida Commission on Hurricane Loss Projection Methodology (“FCHLPM”) will meet from 9:00 a.m. through 5:00 p.m. on Thursday, July 23, and Friday, July 24, in the Hermitage Centre Conference Room, Hermitage Centre, 1801 Hermitage Boulevard, Tallahassee. The call-in number for this meeting is: 888.808.6959; conference code: 4765251363.
To view the complete meeting agenda, click here.
Items scheduled to be discussed include:
- Changes made during Florida’s 2009 Legislative Session that impact the FCHLPM;
- State Representative Bryan Nelson is scheduled to speak, along with Florida House and Senate insurance legislative staff directors
- A request from Risk Management Solutions (“RMS”) to reconsider the decision to deny certification of RMS U.S. Hurricane Model 8.0.1a;
- To view the request from RMS, click here
- Storm surge issues;
- Commercial residential hurricane modeling issues;
- Near and short-term hurricane models; and
- The hurricane model acceptability process.
To view the July 2009 FHCLPM Professional Team report on inquiries and investigations from the 2008 Report of Activities, click here.
LOOKING AHEAD
Tuesday, July 28
Cabinet Meeting
Florida Governor Charlie Crist and the Cabinet (“Cabinet”) will meet on Tuesday, July 28, starting at 9:00 a.m. in the Cabinet Meeting Room, Lower Level, The Capitol, Tallahassee. The agenda includes the following insurance-related Rules:
- 69O-137.001: Annual and Quarterly Reporting Requirements
- 69O-138.001: NAIC Financial Condition Examiners Handbook Adopted
- 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
- 12B-8.001: Premium Tax; Rate and Computation
DOR Rule Development
The Florida Department of Revenue (“DOR”), Division of Miscellaneous Tax has issued a Notice of Rulemaking Development regarding the following Rule:
- 12B-8.003: Tax Statement; Overpayments
The purpose of the proposed Rule amendments is to adopt changes to the forms utilized by the DOR in administering the insurance premium tax.
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, July 28, 2009
Time: 10:00 a.m.
Place: Room 118 of the Carlton Building, 501 South Calhoun Street, Tallahassee
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