CALENDAR: Insurance-Related Meetings–November 2009
Nov 3, 2009
LEGISLATIVE INTERIM COMMITTEE MEETINGS
Week of November 2-6
Monday, November 2
Joint Legislative Auditing Committee
The Florida Joint Legislative Auditing Committee held an interim meeting on Monday, November 2 from 4:00 p.m. through 6:00 p.m. in Room 309 of the Capitol Building, Tallahassee. The agenda included a discussion on the following insurance-related report:
- Florida Auditor General Report 2010-012, Division of Emergency Management – Delays in Settling Disaster Claims – Operational Audit
To view the complete meeting packet, click here.
Tuesday, November 3
Florida Senate Committee on Banking and Insurance
The Florida Senate Committee on Banking and Insurance held an interim meeting on Tuesday, November 3 from 1:00 p.m. through 3:00 p.m. in Room 412 of the Knott Building, The Capitol, Tallahassee. Insurance-related agenda items included:
- Presentation on the Florida Hurricane Catastrophe Fund (“FHCF”) by Dr. Jack Nicholson, FHCF Chief Operating Officer
- Overview of the financial industry by Florida Office of Financial Regulation Commissioner Tom Cardwell
- Issue Brief 2010-203, Open Government Sunset Review of Section 627.0628(3)(f), F.S., Trade Secrets Used in Hurricane Models
- Issue Brief 2010-204, Open Government Sunset Review of Section 627.06292, F.S., Reports of Hurricane Loss and Associated Exposure Data Utilized for the Development of the Public Hurricane Loss Projection Model
To view the complete meeting packet, click here.
Florida Senate Committee on Commerce
The Florida Senate Committee on Commerce held an interim meeting on Tuesday, November 3 from 1:00 p.m. through 3:00 p.m. in Room 401 of the Senate Office Building, The Capitol, Tallahassee. The agenda included discussion on the following insurance-related reports:
- Issue Brief 2010-306, Emerging Issues Related to Florida’s Unemployment Compensation Program
- Issue Brief 2010-305, Automobile Event Data Recorders
Florida Senate Committee on Regulated Industries
The Florida Senate Committee on Regulated Industries held an interim meeting on Tuesday, November 3 from 1:00 p.m. through 3:00 p.m. in Room 110 of the Senate Office Building, The Capitol, Tallahassee. The agenda included a discussion on the following insurance-related report:
- Florida Department of Business and Professional Regulation Condominium Sprinkler Retrofit Report: A Review of Retrofit Costs and the Impact of Retrofitting on Insurance Premiums
To view the complete meeting packet, click here.
Florida House Health Care Appropriations Committee
The Florida House Health Care Appropriations Committee will hold an interim meeting on Tuesday, November 3 from 1:00 p.m. through 5:00 p.m. in Room 212 of the Knott Building, The Capitol, Tallahassee. Representatives from the Florida Agency for Health Care Administration will give an update on federal health care reform. To view the complete meeting packet, click here.
Florida House Government Operations Appropriations Committee
The Florida House Government Operations Appropriations Committee will hold an interim meeting on Tuesday, November 3 from 2:00 p.m. through 5:00 p.m. in Room 116 of the Knott Building, The Capitol, Tallahassee. The following insurance-related issue is scheduled to be discussed:
- Florida Office of Insurance Regulation Schedule VIII-B Priority Listing of Budget Issues for Possible Reduction for Legislative Budget Request Year 2010-11
To view the complete meeting packet, click here.
Wednesday, November 4
House Roads, Bridges and Ports Policy Committee
The Florida House Roads, Bridges and Ports Policy Committee will hold an interim meeting on Wednesday, November 4 from 8:00 a.m. through 9:45 a.m. in Room 404 of the House Office Building, The Capitol, Tallahassee. The following insurance-related issue is scheduled to be discussed:
- Presentation by the Florida Department of Safety and Motor Vehicles on 2010 Legislative Proposals
Florida Senate Committee on Children, Families and Elder Affairs
The Florida Senate Committee on Children, Families and Elder Affairs will hold an interim meeting on Wednesday, November 4 from 1:00 p.m. through 3:00 p.m. in Room 401 of the Senate Office Building, The Capitol, Tallahassee. The following insurance-related issue is scheduled to be discussed:
- Issue Brief 2010-206, Open Government Sunset Review of Section 409.25659, F.S., Insurance Claims Data for Public Assistance Coordination of Benefits
Florida Senate Committee on Health Regulation
The Florida Senate Committee on Health Regulation will hold an interim meeting on Wednesday, November 4 from 1:00 p.m. through 3:00 p.m. in Room 412 of the Knott Building, The Capitol, Tallahassee. The following insurance-related issue is scheduled to be discussed:
- Issue Brief 2010-318, Regulation and Insurance Coverage of Clinical Trials
Florida House Insurance, Business and Financial Affairs Policy Committee
The Florida House Insurance, Business and Financial Affairs Policy Committee will hold an interim meeting on Wednesday, November 4 from 2:00 p.m. through 3:30 p.m. in Room 212 of the Knott Building, The Capitol, Tallahassee. The following insurance-related agenda items are included:
- Presentation on the Florida Hurricane Catastrophe Fund (“FHCF”) by Dr. Jack Nicholson, FHCF Chief Operating Officer
- Overview of the financial industry by Florida Office of Financial Regulation Commissioner Tom Cardwell
- Presentation on Citizens Property Insurance Corporation (“Citizens”) by Susanne Murphy, Citizens Executive Vice President of Corporate Operations
Weekly Legislative Block Calendars
To view the complete House of Representatives calendar for November 2-6, click here.
To view the complete Senate calendar for November 2-6, click here.
For additional information on Florida’s legislative process and terminology, click here.
INSURANCE REGULATORY MEETINGS
Week of November 2-6
Monday, November 2
DFS Rule Workshop
The Florida Department of Financial Services (“DFS”), Division of Insurance Agents and Agency Services has issued a Notice of Rulemaking Development regarding the following Rule:
- 69B-211.320: Curriculum Standards for Special Designation
The proposed Rule amendment would establish curriculum standards for the training of certified adjusters. A Rule Development Workshop was held on November 2, but no comments were provided.
NAIC Rate Filing Guideline Subgroup Meeting
The National Association of Insurance Commissioners (“NAIC”) Rate Filing Guideline Subgroup of the Life and Health Actuarial Task Force met via teleconference on Monday, November 2 at 2:00 p.m. (EST).
Tuesday, November 3
Continuing Care Advisory Council Meeting
The Florida Office of Insurance Regulation (“OIR”) held its annual Continuing Care Advisory Council meeting on Tuesday, November 3 at 10:30 a.m. in Room B23 of the Larson Building, 200 East Gaines Street, Tallahassee. The agenda included appointing a new chairperson and vice chairperson and a discussion of issues currently facing the continuing care industry.
NAIC VM PBR Scenarios Subgroup Meeting
The NAIC Valuation Method Principle-Based Reserve Scenarios Subgroup of the Life and Health Actuarial Task Force met via teleconference on Tuesday, November 3 at 2:00 p.m. (EST) to discuss the American Academy of Actuaries (“AAA”) Economic Scenario Work Group’s December 2008 Report and the AAA Economic Scenario Work Group September 2009 Report.
Wednesday, November 4
NAIC Accident and Health Working Group Meeting
The NAIC Accident and Health Working Group of the Life and Health Actuarial Task Force will meet via teleconference on Wednesday, November 4 at 1:00 p.m. (EST) to discuss the Pension Protection Act. The registration call-in number is: 412.317.6715.
DFS Rule Workshop
The DFS, Division of Consumer Services has issued a Notice of Rulemaking Development regarding the following proposed Rule:
- 69J-9.001: Database of Information Relating to Sinkholes
The DFS is required by law to consult with the Florida Geological Survey and the Florida Department of Environmental Protection to implement a statewide electronic database of sinkholes and related activity identified in the state. The proposed Rule provides the form and content of the database, which may include: standards for reporting and investigating sinkholes, requirements for insurers to report the receipt of sinkhole claims, past sinkhole claim activity and ground settling-related information.
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, November 4, 2009
Time: 2:00 p.m.
Place: Room 116 of the Larson Building, 200 East Gaines Street, Tallahassee
Thursday, November 5
NAIC Financial Condition Committee Meeting
The NAIC Financial Committee will meet via teleconference on Thursday, November 5 at 11:00 a.m. (EST) to discuss the Fraternal Risk-Based Capital Model Law Request Form. The registration call-in number is: 412.317.6715.
NAIC VM PBR Life Subgroup Meeting
The NAIC Valuation Method Principle-Based Reserve Life Subgroup of the Life and Health Actuarial Task Force will meet via teleconference on Thursday, November 5 at Noon (EST) to discuss Valuation Method-20: Requirements for Principles-Based Reserves for Life Products. The registration call-in number is: 412.317.6715.
NAIC Joint Executive Committee and Plenary Meeting
The NAIC Executive Committee and Plenary will meet jointly via teleconference on Thursday, November 5 at 2:00 p.m. (EST) to consider a proposal from the Financial Condition Committee regarding the regulatory treatment of residential mortgage-backed securities. To register, call: 412.317.6715.
Friday, November 6
NAIC Financial Condition Committee Joint Meeting
The NAIC Financial Condition Committee will meet jointly with its Accounting Practices and Procedures Task Force and Statutory Accounting Principles Working Group via teleconference on Friday, November 6 at 11:00 a.m. (EST) to discuss Revisions to SSAP Number 10-Income Taxes. The registration call-in number is: 412.317.6715.
NAIC Medicare Supplement Refund Formula Subgroup Meeting
The NAIC Medicare Supplement Refund Formula Subgroup of the Life and Health Actuarial Task Force will meet via teleconference on Friday, November 6 at 1:00 p.m. (EST). To register, call: 412.317.6715.
Week of November 9-13
Monday, November 9
NAIC Health Insurance and Managed Care Committee Meeting
The NAIC Health Insurance and Managed Care Committee will meet via teleconference on Monday, November 9 at 1:00 p.m. (EST). To view the meeting materials, click here. The registration call-in number is: 412.317.6715.
NAIC VM PBR Reinsurance Subgroup Meeting
The NAIC Valuation Method Principle-Based Reserve Reinsurance Subgroup of the Life and Health Actuarial Task Force will meet via teleconference on Monday, November 9 at 2:00 p.m. (EST) to discuss Valuation Method-20: Requirements for Principles-Based Reserves for Life Products. To register, call: 412.317.6715.
Tuesday, November 10
OIR Public Rate Hearing
The OIR will hold a public rate hearing to discuss the recent high-risk account rate filing made by Citizens Property Insurance Corporation.
Date: Tuesday, November 10, 2009
Time: 9:00 a.m.
Place: Room 401 of the Senate Office Building, The Capitol, Tallahassee
OIR Rule Workshop
The OIR has issued a Notice of Rulemaking Development regarding the following proposed Rules:
- 69O-200.004: Qualification to Obtain and Hold a License
- 69O-200.005: Use of the Statutory Deposit
- 69O-200.006: Contractual Liability Insurers
- 69O-200.009: Form Filings
- 69O-200.011: Disapproval of Forms
- 69O-200.013: Rate Filings
- 69O-200.014: Exemption From Financial Examination
- 69O-200.015: Forms Incorporated by Reference
- 69O-200.016: New Car Motor Vehicle Service Agreements Issued on Used Cars
The purpose of the proposed Rule changes is to incorporate a new category of Motor Vehicle Service Agreement Companies called “Motor Vehicle Manufacturers” into existing related regulations.
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, November 10, 2009
Time: 9:30 a.m.
Place: Room 116 of the Larson Building, 200 East Gaines Street, Tallahassee
FWCIGA Investment Committee Meeting
The Florida Workers’ Compensation Insurance Guaranty Association (“FWCIGA”) will hold an Investment Committee meeting via teleconference on Tuesday, November 10 at 10:00 a.m. The meeting agenda will be provided when available.
NAIC Suitability of Annuity Sales Working Group Meeting
The NAIC Suitability of Annuity Sales Working Group of the Life Insurance and Annuities Committee will meet via teleconference on Tuesday, November 10 at 12:30 p.m. (EST) to discuss the Draft of Proposed Revisions to the Suitability of Annuity Sales Transactions Model Regulation. The registration call-in number is: 412.317.6715.
NAIC VM PBR Process and Coordination Subgroup Meeting
The NAIC Valuation Method Principle-Based Reserve Process and Coordination Subgroup of the Life and Health Actuarial Task Force will meet via teleconference on Tuesday, November 10 at 1:00 p.m. (EST) to discuss Valuation Method-00: Valuation Manual and Valuation Method-01: Definitions for Terms in Requirements. To register, call: 412.317.6715.
DMS Rule Workshop
The Florida Department of Management Services (“DMS”), Agency for Workforce Innovation has issued a Notice of Rulemaking Development regarding the following Rule that relates to the reporting format required by the United States Department of Labor Bureau of Labor Statistics Multiple Worksite Report for Professional Employer Organizations:
- 60BB-2.025: Reports Required of Liable Employers; Filing of Reports by Electronic Means
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, November 10, 2009
Time: 2:00 p.m. – 4:00 p.m.
Place: Conference Room G-022 of the Agency for Workforce Innovation, 107 East Madison Street, Tallahassee
Thursday, November 12
NAIC VM PBR Life Subgroup Meeting
The NAIC Valuation Method Principle-Based Reserve Life Subgroup of the Life and Health Actuarial Task Force will meet via teleconference on Thursday, November 12 at Noon (EST) to discuss Valuation Method-20: Requirements for Principles-Based Reserves for Life Products. The registration call-in number is: 412.317.6715.
Week of November 16-20
Tuesday, November 17
Cabinet Meeting
Florida Governor Charlie Crist and the Cabinet (“Cabinet”) will meet on Tuesday, November 17 at 9:00 a.m. in the Cabinet Meeting Room, Lower Level, The Capitol, Tallahassee.
FWCJUA Executive Compensation Committee Meeting
The Florida Workers’ Compensation Joint Underwriting Association (“FWCJUA”) Executive Compensation Committee will meet via teleconference on Tuesday, November 17 at 10:00 a.m. The meeting agenda will be provided when available.
Board of Employee Leasing Companies Meeting
The Florida Board of Employee Leasing Companies will meet on Tuesday, November 17 at 1:00 p.m. at the Casa Monica Hotel, 95 Cordova Street, St. Augustine.
Wednesday, November 18
Claims Dispute Resolution Roundtable
Florida Insurance Consumer Advocate Sean Shaw will host the second insurance and homebuilders’ industry roundtable on Wednesday, November 18, at which streamlining and facilitating the State’s homeowners insurance claims dispute resolution process will be discussed.
Details of the roundtable are as follows:
Date: Wednesday, November 18, 2009
Time: 9:00 a.m. – 4:00 p.m.
Place: House Office Building, 4th Floor, Committee Room 404, The Capitol, Tallahassee
OIR Rule Workshop
The OIR has issued a Notice of Rulemaking Development regarding the following Rules:
- 69O-157.302: Facility Only Rates
- 69O-157.303: Home Health Care Only Rates
- 69O-157.304: Comprehensive Only Rates
The purpose of the proposed Rule amendments is to publish the new long-term care insurance rates that will become effective in 2010.
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, November 18, 2009
Time: 9:30 a.m.
Place: Room 142 of the Larson Building, 200 East Gaines Street, Tallahassee
FWCJUA Audit Committee Meeting
The FWCJUA Audit Committee will meet via teleconference on Wednesday, November 18 at 10:00 a.m. The meeting agenda will be provided when available.
FWCJUA Reinsurance Committee Meeting
The FWCJUA Reinsurance Committee will meet via teleconference on Wednesday, November 18 at 2:00 p.m. The meeting agenda will be provided when available.
Week of November 23-27
Monday, November 23
FWCJUA Operations Committee Meeting
The FWCJUA Operations Committee will meet via teleconference on Monday, November 23 at 10:00 a.m. The meeting agenda will be provided when available.
Week of November 30-December 4
Monday, November 30
FWCJUA Investment Committee Meeting
The FWCJUA Investment Committee will meet via teleconference on Monday, November 30 at 10:00 a.m. To view the meeting agenda, click here.
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