CALENDAR: Insurance-Related Meetings: July 2009
Jun 29, 2009
Week of June 29 – July 3
Wednesday, July 1
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, July 1, starting at 2:00 p.m. (EST). The registration call-in number is: 412.317.6715.
Thursday, July 2
U.S. House Florida Field Hearing “The Homeowners’ Insurance Crisis: Solutions for Homeowners, Communities and Taxpayers”
The U.S. House Financial Services Oversight and Investigations Subcommittee will hold a field hearing entitled “The Homeowners’ Insurance Crisis: Solutions for Homeowners, Communities and Taxpayers” on Thursday, July 2, at 10:00 a.m. in the City Hall Commission Chambers, City Center, 401 Clematis Street, West Palm Beach.
Note: U.S. Representative Ron Klein is scheduled to attend this hearing.
Week of July 6-10
Monday, July 6
NAIC Health Risk-Based Capital Working Group Meeting
The NAIC Health Risk-Based Capital Working Group will meet via teleconference on Monday, July 6, starting at 11:00 a.m. (EST). The registration call-in number is: 412.317.6715.
NAIC Property and Casualty Risk-Based Capital Working Group Meeting
The NAIC Property and Casualty Risk-Based Capital Working Group will meet via teleconference on Monday, July 6, starting at 2:00 p.m. (EST). The registration call-in number is: 412.317.6715.
Tuesday, July 7
DFS Rule Development
The Florida Department of Financial Services (“DFS”) Division of Workers’ Compensation has issued notices regarding the following Rules:
- 69L-7.602: Florida Workers’ Compensation Medical Services Billing, Filing and Reporting Rule. To view the Notice of Proposed Rule, click here.
The purpose of the proposed Rule amendments is to reflect changes and updates to forms, reference materials, electronic data interchange requirements, and billing instructions for providers and insurers associated with adoption of revised workers’ compensation medical services manuals.
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, July 7, 2009
Time: 10:00 a.m.-Noon
Place: Room 104-J of the Hartman Building, 2012 Capital Circle Southeast, Tallahassee
- 69L-7.501: Florida Workers’ Compensation Reimbursement Manual for Hospitals. To view the Notice of Rulemaking Development, click here.
The purpose of the proposed Rule amendments is to adopt the 2009 edition of the Florida Workers’ Compensation Reimbursement Manual for Hospitals. Among other updates, the 2009 manual incorporates Medicare’s Outpatient Hospital Prospective Payment System payment methodology for reimbursing hospitals for outpatient bills, with payment adjustment factors of 1.74 times the Medicare allowed amount for scheduled surgeries and 3.95 times the Medicare allowed amount for other specified compensable charges.
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 7, 2009
Time: 1:00 p.m.-4:00 p.m.
Place: Room 104-J of the Hartman Building, 2012 Capital Circle Southeast, Tallahassee
Wednesday, July 8
Citizens Meetings
Citizens Property Insurance Corporation (“Citizens”) will hold the following meetings via teleconference on Wednesday, July 8:
- Audit Committee-8:00 a.m. The call-in number for this meeting is: 877.260.2826
- Board of Governors-9:00 a.m. The call-in number for this meeting is: 888.295.6211
OIR Rule Workshop
The Florida DFS, Office of Insurance Regulation (“OIR”) has issued a Notice of Proposed Rule Development regarding Rule 69O-236.001 Annual Report Card. To view the Notice and proposed Rule text, click here.
The proposed Rule would adopt an annual report card specifically related to personal residential property insurers that would be used by the Office of the Florida Insurance Consumer Advocate as required by law.
If requested in writing and not deemed unnecessary by the agency head, a Rule Development Workshop will be held at the time, date, and place shown below:
Date: Wednesday, July 8, 2009
Time: 9:30 a.m.
Place: Room 143 of the Larson Building, 200 East Gaines Street, Tallahassee
Thursday, July 9 through Sunday, July 12
NCOIL 2009 Summer Meeting
The National Conference of Insurance Legislators (“NCOIL”) will hold its Summer Meeting from July 9-12, 2009 in Philadelphia. To view the tentative meeting agenda, click here. To view the meeting materials packet, click here.
Week of July 13-17
Monday, July 13
DFS Rule Workshop
The Florida DFS Division of Risk Management (“DRM”) has issued a Notice of Rulemaking Development regarding the following Rule:
- 69H-2.008: Other Forms Adopted
The purpose of the proposed Rule is to develop forms for requesting information from workers’ compensation claimants and liability claimants pursuant to comply with Section 111 of the Medicare, Medicaid, and SCHIP Extension Act of 2007, which will become effective on July 1, 2009.
The DRM, as a required reporting entity, must identify any Medicare beneficiaries who have existing claims with the DRM and collect certain data that will be reported to the Center for Medicare and Medicaid Services (“CMS”). The data collected under federal law will be used by CMS in processing claims billed to Medicare for reimbursement of items and services furnished to Medicare beneficiaries and for Medicare as a Secondary Payer recovery effort, as appropriate.
If requested in writing and not deemed unnecessary by the agency head, a Rule Development Workshop will be held at the time, date, and place shown below:
Date: Monday, July 13, 2009
Time: 9:30 a.m.
Place: Room 142 of the Larson Building, 200 East Gaines Street, Tallahassee
Wednesday, July 15
OIR Rule Workshop
The Florida OIR has issued a Notice of Proposed Rule regarding proposed amendments to Rules contained in Chapter 69O-156 relating to Medicare Supplement Insurance.
The proposed Rules allow for new product generation by adopting revisions made on September 24, 2008 to a NAIC Model Regulation that implements the NAIC Medicare Supplement Insurance Minimum Standards Model Act. The revisions include major changes to Medicare Supplement plans, along with benefits first approved by the NAIC in March 2007 and subsequently authorized by the Medicare Improvements for Patients and Providers Act of 2008 (“MIPPA”). Changes required by the Genetic Information Nondiscrimination Act of 2008 (“GINA”) also were 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: Wednesday, July 15, 2009
Time: 9:30 a.m.
Place: Room 116 of the Larson Building, 200 East Gaines Street, Tallahassee
Board of Employee Leasing Companies Meeting
The Board of Employee Leasing Companies will meet on Wednesday, July 15, at 10:00 a.m. via teleconference. The call-in number for this meeting is: 888.808.6959; conference code: 9226020.
Thursday, July 16
DFS Rule Workshop
The Florida DFS, Division of Workers’ Compensation has issued a Notice of Rulemaking Development regarding the following Rule:
- 69L-6.012: Notice of Election to be Exempt
The proposed Rule amendment would delete and replace all language in subsection 69L-6.012(15), F.A.C., and add a new paragraph 69L-6.012(15)(a), F.A.C. The proposed new language would provide that when a corporation or limited liability company named on any Certificate of Election to be Exempt (“Certificate”) remains dissolved or inactive after 90 days from the date of its dissolution or its change in status, the Certificate is immediately revoked. Additional language also provides that when a person named on a Certificate no longer meets the issuance requirements of the Certificate, that Certificate is also revoked. The new paragraph would provide guidance regarding a corporation or limited liability company’s right to petition for a review of a revocation, or to file an appeal. The proposed rule amendment also advances the statutory mandate to facilitate the self-execution of workers’ compensation law pursuant to Chapter 440 F.S.
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: Thursday, July 16, 2009
Time: 10:00 a.m.
Place: Room 104-J of the Hartman Building, 2012 Capital Circle Southeast, Tallahassee
NAIC Life Risk-Based Capital Working Group Meeting
The NAIC Life Risk-Based Capital Working Group will meet via teleconference on Thursday, July 16, starting at 2:00 p.m. (EST). The registration call-in number is: 412.317.6715.
Week of July 20-24
Monday, July 20
DFS Rule Hearing
The Florida DFS Division of Risk Management (“DRM”) has issued a Notice of Proposed Rule regarding the following Rule:
- 69H-2.008: Other Forms Adopted
The purpose of the proposed Rule is to develop forms for requesting information from workers’ compensation claimants and liability claimants pursuant to comply with Section 111 of the Medicare, Medicaid, and SCHIP Extension Act of 2007, which will become effective on July 1, 2009.
The DRM, as a required reporting entity, must identify any Medicare beneficiaries that have existing claims with the DRM and collect certain data that will be reported to the Center for Medicare and Medicaid Services (“CMS”). The data collected under federal law will be used by CMS in processing claims billed to Medicare for reimbursement of items and services furnished to Medicare beneficiaries and for Medicare as a Secondary Payer recovery effort, as appropriate.
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 OIR has issued a Notice of Proposed Rule regarding the following Rule:
- 69O-189.003: Workers’ Compensation: Application and Audit Procedures
The proposed Rule would allow, but not require electronic signatures in an application for workers’ compensation insurance coverage. It also would clarify existing audit procedures and add new ones.
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
FCHLPM Meetings
The Florida Commission on Hurricane Loss Projection Methodology (“FCHLPM”) will meet on Thursday, July 23 and Friday, July 24 from 9:00 a.m. through 5:00 p.m. 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 meeting Notice, click here. Items scheduled to be discussed include:
- Changes made during the 2009 Legislative Session that impact the FCHLPM;
- Hurricane modeling of commercial residential exposure, short-term frequency and storm surge; and
- A request from Risk Management Solutions.
Week of July 27-31
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. Insurance-related Rules scheduled to be discussed as part of the OIR agenda include:
- 69O-138.001: NAIC Financial Condition Examiners Handbook Adopted
- 69O-137.001: Annual and Quarterly Reporting Requirements
- 69O-164.040: Determining Reserve Liabilities for Preneed Life Insurance
NAIC Joint Life Insurance and Annuities Committee, Principles-Based Reserving Working Group and Solvency Modernization Initiative Task Force Meeting
The NAIC Life Insurance and Annuities Committee will hold a joint meeting with the Principles-Based Reserving Working Group and Solvency Modernization Initiative Task Force via teleconference on Tuesday, July 28, at 2:00 p.m. (EST). The registration call-in number is: 412.317.6715.
The following items are scheduled to be discussed:
- Adoption of the June 15, 2009 draft of Model 820 – Standard Valuation Law as adopted by the Life and Health Actuarial Task Force
- Adoption of the June 12, 2009 draft of Model 815 – Model Regulation Permitting the Recognition of Preferred Mortality Tables for Use in Determining Minimum Reserve Liabilities as adopted by the Life and Health Actuarial Task Force
- Presentation by Sheldon Summers of the California Department of Insurance entitled “Too Much Reinsurance Credit”
At the recently-concluded NAIC 2009 Summer National Meeting, the Life Insurance and Annuities Committee also approved release of the Valuation Manual section VM-20 and 2010 GRET table for comment. The Committee had deferred adopting revisions to both Model 820 and 815 to provide additional opportunity for regulators and interested parties to review the proposed revisions.
Wednesday, July 29
FSLSO Board of Governors Meeting
The Florida Surplus Lines Service Office (“FSLSO”) Board of Governors will meet on Wednesday, July 29, at 1:00 p.m., Boca Raton Resort and Club, 501 East Camino Real, Boca Raton.
NAIC Life Risk-Based Capital Working Group Meeting
The NAIC Life Risk-Based Capital Working Group will meet via teleconference on Wednesday, July 29, starting at 2:00 p.m. (EST). The registration call-in number is: 412.317.6715.
Friday, July 31
FWCJUA Investment Committee Meeting
The Florida Workers’ Compensation Joint Underwriting Association (“FWCJUA”) will meet via teleconference on Friday, July 31, starting at 10:00 a.m. Items scheduled to be discussed include:
- A compliance review of the current investment portfolio
- A review of the FWCJUA asset investment policy and guidelines
To view the complete meeting agenda, click here.
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