CALENDAR: Insurance-Related Meetings–October 26-30
Oct 25, 2009
Monday, October 26
FWCJUA Board of Governors Meeting
The Florida Workers’ Compensation Joint Underwriting Association (“FWCJUA”) Board of Governors will meet via teleconference on Monday, October 26 at 10:00 a.m. To view the meeting agenda, click here.
Tuesday, October 27
Cabinet Meeting
Florida Governor Charlie Crist and the Cabinet (“Cabinet”) will meet on Tuesday, October 27 at 9:00 a.m. in the Cabinet Meeting Room, Lower Level, The Capitol, Tallahassee. Representatives from the following governmental entities are scheduled to speak:
- Department of Revenue
- Board of Trustees of the Internal Improvement Trust Fund
- State Board of Administration
To view the full Cabinet meeting agenda, click here.
Wednesday, October 28
OIR Rule Workshop
The Florida Office of Insurance Regulation (“OIR”) has issued a Notice of Rulemaking Development regarding the following Rules related to the Cover Florida Health Care Access Program:
- 69O-149.301: Scope
- 69O-149.302: Filing Requirements
- 69O-149.303: Form and Marketing Standards
- 69O-149.304: Rate Standards
- 69O-149.305: Records Maintenance and Reporting
- 69O-149.306: Violations and Penalties
The proposed Rules would implement the Cover Florida Health Care Access Program by establishing filing requirements, standards for forms, marketing materials and the development of rates. They would also provide for the maintenance of records and required reporting of information by certain entities. Related violations and penalties are specified. The Rule amendments also would require the electronic filing of an insurer’s report of disposition and other communication related to civil remedy notices.
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, October 28, 2009
Time: 9:30 a.m.
Place: Room 116 of the Larson Building, 200 East Gaines Street, Tallahassee
DFS Rule Hearing
The Florida Department of Financial Services (“DFS”), Division of Consumer Services has issued a Notice of Proposed Rulemaking regarding the following Rule:
- 69J-123.002: Civil Remedy Notice
The Rule amendments would require the electronic filing of an insurer’s report of disposition and other communication related to civil remedy notices.
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: Wednesday, October 28, 2009
Time: 10:00 a.m.
Place: Room 142 of the Larson Building, 200 East Gaines Street, Tallahassee
NAIC International Solvency Working Group Meeting
The National Association of Insurance Commissioners (“NAIC”) International Solvency Working Group of the Executive Committee will meet via teleconference at 3:00 p.m. (EST). The registration call-in number is: 412.317.6715. The following solvency standards and guidance papers are scheduled to be discussed:
- Standard on Enterprise Risk Management (“ERM”) (applying to solo and groups)
- Guidance paper on ERM (for solo)
- Guidance paper on ERM (for groups)
- Standard on investments (applying to solo and groups)
- Guidance paper on investments(applying to solo and groups)
- Standard on capital adequacy (applying to solo and groups)
- Guidance on capital adequacy (applying to groups)
- Guidance on capital adequacy (A test version that would apply at both solo and group level)
- Standard on internal models (applying to solo and groups)
- Guidance on internal models (for groups)
Thursday, October 29
OIR Public Rate Hearing
The OIR will hold a public rate hearing regarding a recent rate filing made by Olympus Insurance Company in which a 25.6 percent overall increase for new and renewal homeowners’ insurance policies was requested. The rates would be effective December 18, 2009 for new policies and January 18, 2010 for renewal policies. The requested increases are not uniform and policies in certain geographic areas are subject to higher rate increases than others. To view the hearing Notice, click here.
Date: Thursday, October 29, 2009
Time: 9:00 a.m.
Place: Room 401 of the Senate Office Building, The Capitol, Tallahassee
FCHLPM Windstorm Mitigation Hearing
The Florida Commission on Hurricane Loss Projection Methodology (“FCHLPM”) will hold the third in a series of hearings on the implementation of windstorm mitigation discounts, credits, other rate differentials and appropriate reductions in insurance deductibles on Thursday, October 29. The hearing takes place from 9:00 a.m. through 4:00 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 hearing agenda, click here.
NAIC Valuation Method Principles-Based Reserve Life Subgroup Meeting
The NAIC Valuation Method Principles-Based Reserve Life Subgroup of the Life and Health Actuarial Task Force will meet via teleconference on Thursday, October 29 at Noon (EST) to discuss the most recent draft of Valuation Method-20: Requirements for Principles-Based Reserves for Life Products. The registration call-in number is: 412.317.6715.
Thursday, October 29 and Friday, October 30
FIGA Meetings
The Florida Insurance Guaranty Association (“FIGA”) will hold the following meetings on Thursday, October 29 and Friday, October 30 at the Grand Hyatt Tampa Bay Hotel, 2900 Bayport Drive, Tampa:
- Finance and Investment Committee – Thursday, October 29 at 2:00 p.m.
- Board of Directors – Friday, October 30 at 9:00 a.m.
Friday, October 30
FWCJUA Investment Committee Meeting
The FWCJUA Investment Committee will meet via teleconference on Friday, October 30 at 10:00 a.m. To view the meeting agenda, click here.
NAIC Valuation Method Principles-Based Reserve Reporting and Review Subgroup Meeting
The NAIC Valuation Method Principles-Based Reserve Reporting and Review Subgroup of the Life and Health Actuarial Task Force will meet via teleconference on Thursday, October 29 at Noon (EST) to discuss the most recent drafts of Valuation Method-30: Actuarial Opinion and Memorandum Requirements and Valuation Method-31: Reporting and Documentation Requirements for Business Subject to a Principles-Based Reserve Valuation. The registration call-in number is: 412.317.6715.
LOOKING AHEAD
Tuesday, November 3
The OIR has scheduled an annual meeting of the Continuing Care Advisory Council. The agenda will include appointing a new chairperson and vice chairperson and a discussion of issues currently facing the Continuing Care industry. This public meeting will take place via telephone conference call on November 3 at 10:30 a.m. Participation in person is also welcome.
PLACE: OIR, 200 East Gaines Street, Larson Building, Room B43, Tallahassee, FL
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