Florida Insurance Calendar: April 16 – 20

 

Following is a listing of Florida insurance-related regulatory events for the week of April 16-20, 2012:

All times are Eastern Time (“ET”).  Additional information is available via hyperlink where noted in bold type.

 

FLORIDA INSURANCE REGULATORY EVENTS

    

Monday, April 16

• Florida Surplus Lines Service Office (“FSLSO”) Audit Committee meeting; 11:30 a.m.  Tallahassee, Florida.  To view the meeting notice, click here.
• FSLSO Board of Governors meeting; 1:00 p.m.  Tallahassee, Florida.  To view the meeting notice, click here. 

Tuesday, April 17

• Florida Office of Insurance Regulation (“OIR”) Rule Development Workshop; 9:30 a.m.  Pursuant to Section 627.410(6)(a), F.S., health insurers seeking to issue or renew health insurance policy forms in Florida must submit documentation (rating manuals, rating schedules, change in rating manual, change in rating schedule, etc) to the OIR demonstrating that the proposed policy or policy renewal’s premium rates are reasonable in relation to the benefits provided.  Proposed Rule 69O-149.003, F.A.C. provides insurers with detailed rate filing procedures.  To view the Workshop notice, click here.
• FSLSO Association meeting; 9:00 a.m.  Tallahassee, Florida.

Wednesday, April 18

• Florida Board of Employee Leasing Companies (“BELC”) Board meeting; 8:30 a.m.  Teleconference:  (888)-808-6959; conference code: 9226020.  To view the meeting notice, click here.  To view the agenda, click here.

Thursday, April 19

• FSLSO meeting; 10:00 a.m.  A meeting of either the FSLSO Board of Governors or National Clearinghouse Committee is scheduled.  To view the meeting notice, click here.
• (CANCELED) OIR Public Rate Hearing:  Cypress Property and Casualty Company; 1:00 p.m. 

 

LOOKING AHEAD

 

Monday, April 23

• Florida Hurricane Catastrophe Fund (“FHCF”) Proposed Rule Hearing; 9:00 a.m. Proposed amendments to Rule 19-8.029, “Insurer Reporting Requirements,” would implement Section 215.555(5), F.S. relating to reporting by insurers of insured values under covered policies to the FHCF for the 2012/2013 Contract Year and also would adopt the 2012/2013 Interim and Proof of Loss forms.  Proposed amendments to Rule 19-8.030, “Insurer Responsibilities,” would adopt the 2012/2013 Exposure and Loss Reimbursement Examination Advance Preparation Instructions and the 2012/2013 Interim and Proof of Loss forms.  In addition, obsolete material would be removed from both Rules.  To view the hearing notice, click here.
• Florida Automobile Joint Underwriting Association (“FAJUA”) Audit Finance Committee meeting; 4:00 p.m.  Tampa, Florida.  Agenda includes discussion of FAJUA Financial Reporting.  To view the meeting notice, click here.

Tuesday, April 24

• FAJUA Annual Meeting of Members; 8:30 a.m.  Tampa, Florida.  Agenda includes approval of Annual Meeting minutes from April 2011 and receipt of FAJUA Annual Report.  An FAJUA Board of Governors meeting will immediately follow.  To view the meeting notice, click here.
• Florida Cabinet meeting; 9:00 a.m.
  • State Board of Administration
    • Authorize the FHCF to file a Notice of Proposed Rule for Rule 19-8.028, “Reimbursement Premium Formula,” and to authorize filing this rule for adoption if no member of the public timely requests a rule hearing.
• OIR Rule Development Workshop; 9:30 a.m.  Proposed amendments to Rule 69O-138.001, entitled “NAIC Financial Condition Examiners Handbook Adopted,” would adopt the 2012 NAIC Financial Condition Examiners Handbook.  To view the hearing notice, click here.
• FSLSO meeting; 10:00 a.m.  A meeting of either the FSLSO Board of Governors or National Clearinghouse Committee is scheduled.  To view the meeting notice, click here.
• Florida Workers’ Compensation Joint Underwriting Association (“FWCJUA”) Safety Committee meeting; 10:00 a.m.  To view the meeting notice, click here.  To view the agenda, click here.

Wednesday, April 25

• Citizens Property Insurance Corporation (“Citizens”) Market Accountability Advisory Committee meeting; 8:00 a.m. to 9:30 a.m.  Teleconference:  (866) 361-7525; participant code:  7849939192#.  To view the meeting notice, click here.
• Citizens Consumer Services Committee meeting; 10:00 a.m. to 11:30 a.m.  Teleconference:  (866) 361-7525; participant code:  6487811620#.  To view the meeting notice, click here.
• Citizens Depopulation Committee meeting; 12:30 p.m. to 1:30 p.m. Teleconference: (855) 312-8651; participant code: 4458606638#. To view the meeting notice, click here.
• Citizens Audit Committee meeting; 2:00 p.m. to 3:00 p.m.  Teleconference:  (866) 361-7525; participant code:  3877541849#.  To view the meeting notice, click here.
• Citizens Finance and Investment Committee meeting; 4:00 p.m. to 6:00 p.m.  Teleconference:  (866) 361-7525; participant code:  6487811620#.  To view the meeting notice, click here.

Thursday, April 26

• Citizens Board of Governors meeting; 9:00 a.m. – 12:00 p.m.  Tampa, Florida.
• FSLSO meeting; 10:00 a.m.  A meeting of either the FSLSO Board of Governors or National Clearinghouse Committee is scheduled.  To view the meeting notice, click here.

Friday, April 27

• FWCJUA Market Assistance Plan Committee meeting; 10:00 a.m.  To view the meeting notice, click here.  To view the agenda, click here.

Monday, April 30

• Florida Department of Economic Opportunity, Division of Community Development workshop on hurricane evacuation modeling in the Florida Keys; 10:00 a.m.to 4:00 p.m. To view the meeting notice, click here. (This workshop was rescheduled from March 30.)

Monday, May 7

• OIR Public Rate Hearing:  Olympus Insurance Company; 9:00 a.m.  Additional information is forthcoming.

Tuesday, May 8

• FWCJUA Non-Discretionary Investment Management Services RFP Evaluation Team meeting; 9:00 a.m.  Sarasota, Florida.  To view the meeting notice, click here.  To view the agenda, click here.

Sunday, May 13 to Friday, May 18

• 26th Annual Florida Governor’s Hurricane Conference.  For registration information, click here.

Wednesday, May 16

• FWCJUA Non-Discretionary Investment Management Services RFP Evaluation Team meeting; 8:00 a.m.  Sarasota, Florida.  To view the meeting notice, click here. 
• BELC Board Meeting; 10:00 a.m.  Sarasota, Florida.

Thursday, May 17

• OIR Public Rate Hearing:  Sunshine State Insurance Company; 9:00 a.m.  Additional information is forthcoming.
• FWCJUA Audit Committee meeting; 10:00 a.m.   To view the meeting notice, click here.

Thursday, May 24

• FWCJUA Investment Committee meeting; 9:00 a.m.  To view the meeting notice, click here.

Tuesday, May 29

• FWCJUA Rates and Forms Committee meeting; 1:00 p.m.  To view the meeting notice, click here.

Wednesday, May 30

• FWCJUA Operations Committee meeting; 10:00 a.m.  To view the meeting notice, click here.

Wednesday, June 13

• FWCJUA Board of Governors meeting; 10:00 a.m.  To view the meeting notice, click here.

Thursday, June 14

• OIR 2012 Industry Conference, Tallahassee.  “Successful Strategies for Business Development.”  Registration opens April 13.  For more information, click here.

Tuesday, June 19

• Florida Workers’ Compensation Insurance Guaranty Association Board of Directors meeting. Orlando, Florida.

Tuesday, June 26

• Florida Cabinet meeting; 9:00 a.m.
  • OIR
    • For final adoption
      • In Sections 634.011(7) and 634.041(12), F.S., the Florida Legislature created a new category of Motor Vehicle Service Agreement Companies called “Motor Vehicle Manufacturers.” The purpose was to eliminate certain regulatory requirements for these large corporations under certain circumstances. Proposed amendments to Rules 69O-200.004,.005,.006,.009,.014,.015 address the legislative mandate to modify the Rules and forms to incorporate this new category.
      • Section 627.062(6), F.S. granted insurers the right to arbitrate rate filing disputes with the OIR, as well as granted the Financial Services Commission the authority to adopt the referenced Rules regarding arbitration of rate filings. The law has been amended to remove the provision for arbitration. Therefore, 69O-170 Part IV is no longer relevant, nor does the OIR any longer have authority for such Rules. Consequently, these rules need to be repealed.
    • For publication
      • Rule 69O-164.030, entitled “Application of Rule 69O-164.020 to Various Product Designs,” has been deemed unnecessary by the OIR and is proposed for repeal.
      • Amendments to Rule 69O-137.001 would adopt the 2011 NAIC Quarterly Statement Instructions and the 2011 NAIC Accounting Practices and Procedures Manual.

 

 

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