Florida Insurance Calendar: April 23 – 27

 

Following is a listing of Florida insurance-related regulatory events for the week of April 23-27, 2012:

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

 

FLORIDA INSURANCE REGULATORY EVENTS

      

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 insurer reporting to the FHCF of insured values under covered policies for the 2012/2013 Contract Year and also would adopt the 2012/2013 FHCF Interim and Proof of Loss forms.  Proposed amendments to Rule 19-8.030, “Insurer Responsibilities,” would adopt the 2012/2013 FHCF Exposure and Loss Reimbursement Examination Advance Preparation Instructions and the 2012/2013 FHCF 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.  To view the agenda, click here.
  • State Board of Administration
    • Request approval of the 2012/2013 FHCF Premium Formula and the proposed 2012/2013 FHCF rates
    • Request authorization for the FHCF to file a Notice of Proposed Rule for Rule 19-8.028, “Reimbursement Premium Formula,” and the filing of this Rule for adoption if no member of the public makes a timely request for a rule hearing.
• Florida Office of Insurance Regulation (“OIR”) Rule Development Workshop; 9:30 a.m.  Proposed amendments to Rule 69O-138.001, entitled “National Association of Insurance Commissioners Financial Condition Examiners Handbook Adopted,” would adopt the 2012 NAIC Financial Condition Examiners Handbook.  To view the hearing 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 3:30 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:  2478401990#.  To view the meeting notice, click here.

Thursday, April 26

• Citizens Board of Governors meeting; 9:00 a.m. to 1:00 p.m.  Teleconference:  (888) 942-8686; participant code: 5743735657#.  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.

 

LOOKING AHEAD

 

Monday, April 30

• Florida Division of Emergency Management Hurricane Loss Mitigation Advisory Council meeting; 9:00 a.m.  Tallahassee, Florida.  To view the meeting notice, click here.
• 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

• OIR Rule Development Workshop; 9:30 a.m.  Proposed amendments to Rule 69O-149.022 would update and edit the contents of the forms and instructions used by life and health insurers to make electronic form filings via the OIR’s I-File system.  To view the hearing notice, click here.

Wednesday, May 10

• FHCF Advisory Council meeting; 1:30 p.m.  Agenda includes discussion of May 2012 FHCF claims-paying capacity estimates.  Teleconference:  (888) 808-6959; conference code:  4765251363.  To view the meeting notice, click here.

Sunday, May 13 to Friday, May 18

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

Monday, May 14

• Florida Division of Insurance Agents and Agency Services Proposed Rule Hearing; 10:00 a.m.  Proposed amendments would update Rule Chapter 69B-213, F.A.C., which relates to customer representatives, to conform with current statutory provisions in the Florida Insurance Code.  To view the hearing notice, click here.

Wednesday, May 16

• Florida Board of Employee Leasing Companies (“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.
• Citizens Actuarial and Underwriting Committee meeting; 10:00 a.m.  Teleconference:  (866)361-7525; conference code:  8632017402#.  To view the meeting notice, click here.
• 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.

Thursday, June 7

• Citizens Board of Governors meeting.  Additional information is forthcoming.

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.

Wednesday, June 20

• BELC Board Meeting. Additional information is forthcoming.

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.

 

 

Should you have any questions or comments, please contact Colodny Fass.

 

 

Click here to follow Colodny Fass on Twitter (@CFTLAWcom)

 

 

 

 

To unsubscribe from this newsletter, please send an email to Brooke Ellis at bellis@cftlaw.com.