CALENDAR: Insurance-Related Meetings-September 14-17

Sep 14, 2009

 

 

Monday, September 14

 

NAIC Accident and Health Working Group Meeting

The National Association of Insurance Commissioners (“NAIC”) Accident and Health Working Group of the Life and Health Actuarial Task Force will meet via teleconference on Monday, September 14 at 2:00 p.m. (EST) to discuss the following:

To view the complete meeting agenda, click here.  The registration call-in number is:  412.317.6715.

 

NAIC Statutory Accounting Principles Working Group Meeting

The NAIC Statutory Accounting Principles Working Group of the Financial Condition Committee will meet via teleconference on Monday, September 14 at 2:00 p.m. (EST) to discuss revisions to the Statement of Statutory Accounting Principles Number 43:  Loan-Backed and Structured Securities.  The registration call-in number is:  412.317.6715.

 

 

Monday, September 14 and Tuesday, September 15

 

FAJUA Meetings

The Florida Automobile Joint Underwriting Association (“FAJUA”) will hold the following meetings on Monday, September 14 and Tuesday, September 15 at the Intercontinental Tampa Hotel, 4860 West Kennedy Boulevard, Tampa:

  • Budget Committee – Monday, September 14 at 3:00 p.m.
  • Finance and Audit Committee – Monday, September 14 at 4:00 p.m.
  • Board of Governors – Tuesday, September 14 at 8:30 a.m.

 

Tuesday, September 15

 

Cabinet Meeting

Florida Governor Charlie Crist and the Cabinet (“Cabinet”) will meet on Tuesday, September 15 at 9:00 a.m. in the Cabinet Meeting Room, Lower Level, The Capitol, Tallahassee.  Insurance-related agenda items include:

  • Follow-up discussion on the property insurance presentation given by Florida Insurance Commissioner Kevin McCarty during the August 11 Cabinet meeting.  To view Commissioner McCarty’s report, click here.
  • The Trustees of the State Board of Administration will meet to confirm the appointment of an actuary to the Florida Hurricane Catastrophe Fund Advisory Council.

To view the complete Cabinet meeting agenda, click here.

 

OIR Rule Hearing

The Florida Department of Financial Services, Office of Insurance Regulation (“OIR”) has scheduled the following hearing regarding proposed Rules for insurer reporting requirements and financial examinations (click on the hyperlinks below to access the complete Rule text and other information):

  • 69O-137.001: Annual and Quarterly Reporting Requirements

This Rule is being amended to adopt the 2009 NAIC Quarterly Statement Instructions and the 2009 NAIC Accounting Practices and Procedures Manual.  Florida law requires insurers to file quarterly and annual financial reports with the OIR.  The proposed Rule would ensure that all reports are in a standard format that provides the information needed to evaluate an insurer’s financial condition.  In addition, by adopting the 2009 versions of the manuals, the OIR is negating any potential challenges by insurers regarding the use of manuals that have not been formally adopted.

To view the Rule Hearing Notice, click here.

  • 69O-138.001: NAIC Financial Condition Examiners Handbook Adopted

This Rule is being amended to adopt the 2009 NAIC Financial Condition Examiners Handbook. The current Rule adopted the 2008 version.  Florida law requires the OIR to examine an insurer’s financial condition using generally accepted accounting procedures.  By adopting the newest version of the Handbook, the proposed Rule would help ensure that the OIR procedures used to examine insurers are based upon the current generally accepted accounting practices.

To view the Rule Hearing Notice, click here.

If a Rule Hearing is requested in writing and not deemed unnecessary by the agency head, one will be held for both proposed Rules at the date, time, and place shown below:

Date:  Tuesday, September 15, 2009
Time:  9:30 a.m.
Place:  Room 143 of the Larson Building, 200 East Gaines Street, Tallahassee 

 

NCCI Florida Workers’ Compensation Appeals Board Meeting

The National Council on Compensation Insurance (“NCCI”) Florida Workers’ Compensation Appeals Board will meet on Tuesday, September 15 at 10:00 a.m. at the Orlando Airport Hyatt Hotel.  To view the meeting Notice, click here.

 

NAIC Reinsurance Task Force Meeting

The NAIC Reinsurance Task Force of the Financial Condition Committee will meet via teleconference on Tuesday, September 15 at 11:00 a.m. (EST) to review a revised draft of the Reinsurance Regulatory Modernization Act of 2009 and discuss the Constitutional aspects of this proposed legislation.  The registration call-in number is:  412.317.6715.

Comment letters have been received from the following in advance of the meeting:

 

NAIC Property and Casualty Reinsurance Study Group

NAIC Property and Casualty Reinsurance Study Group of the Financial Condition Committee will meet via teleconference on Tuesday, September 15 at 3:00 p.m. (EST) to discuss Issue Paper Number 137:  The Transfer of Property and Casualty Reinsurance Agreements in Run-Off.  The registration call-in number is:  412.317.6715. 

 

 

Tuesday, September 15 and Thursday, September 17

 

FSLSO Budget Committee Meetings

The Florida Surplus Lines Service Office (“FSLSO”) Budget Committee will meet on Tuesday, September 15 at 2:00 p.m. and Thursday, September 17 at 10:00 a.m. at 1441 Maclay Commerce Drive, Suite 200, Tallahassee.

 

 

Tuesday, September 15 through Thursday, September 17

 

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 Tuesday, September 15, Wednesday, September 16, and Thursday, September 17, 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. 

On September 17, the FCHLPM Windstorm Committee is scheduled to hold the second in a series of hearings on the implementation of windstorm mitigation discounts, credits, other rate differentials and appropriate reductions in insurance deductibles.

To view the meeting agenda, click here.

 

 

Wednesday, September 16

 

Florida Board of Employee Leasing Companies Meeting

The Florida Board of Employee Leasing Companies will meet on Wednesday, September 16 at 10:00 a.m. at the Gaylord Palms Resort and Convention Center, 6000 West Osceola Parkway, Kissimmee.  To view the meeting agenda, click here.

 

NAIC Multi-State Surplus Lines Premium Tax Working Group Meeting

The NAIC Multi-State Surplus Lines Premium Tax Working Group of the Property and Casualty Insurance Committee will meet via teleconference on Wednesday, September 16 at 1:00 p.m. (EST).  The registration call-in number is:  412.317.6715.

 

 

Thursday, September 17

 

NAIC Joint Meeting of the Accounting Practices and Procedures Task Force and Financial Condition Committee

The NAIC Accounting Practices and Procedures Task Force and Financial Condition Committee will meet jointly via teleconference on Thursday, September 17 at 11:00 a.m. (EST) to discuss the Statement of Statutory Accounting Principles Number 43:  Loan-Backed and Structured Securities for adoption.  The registration call-in number is:  412.317.6715.

 

 

LOOKING AHEAD

 

 

Monday, September 21 through Thursday, September 24

 

NAIC Fall 2009 National Meeting

The NAIC will hold its Fall 2009 National Meeting on Monday, September 21, through Thursday, September 24, 2009, in Washington, D.C.  To view the tentative meeting agenda, click here.  To view the meeting preview, click here.

 

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