Florida Insurance Calendar: August 1 – 5
Jul 29, 2011
Following is a listing of insurance-related Florida regulatory events for the week of August 1-5, 2011:
All times are Eastern Time (“ET”). Additional information is available via hyperlink where noted in bold type.
FLORIDA INSURANCE REGULATORY EVENTS
Monday, August 1
- Florida Division of Workers’ Compensation Rule Development Workshop; 10:00 a.m. To view the meeting notice, click here.
- Rule 69L-5.205: Loss Data Reporting
- Proposed Rule amendments would clarify that former self-insurers must report loss data for the final period of authorization only once.
- Rule 69L-5.217: Civil Penalties and Fines
- Proposed Rule amendments would reduce the penalties assessed against self-insurers for late filing of required forms, reports and documents, and also recalculate penalties that were assessed against a self-insurer.
- Rule 69L-5.205: Loss Data Reporting
Tuesday, August 2
- Florida Cabinet meeting; 9:00 a.m. To view the agenda, click here.
- State Board of Administration
- Request appointment of Scott Wallace, President, Chief Executive Officer and Executive Director of Citizens Property Insurance Corporation, as Chair of the Florida Commission on Hurricane Loss Projection Methodology for the 2011-2012 year.
- Authorization for the Florida Hurricane Catastrophe Fund to file a Notice of Proposed Rule to repeal Rule 19-8.001, F.A.C., “Purpose,” and a Notice of Proposed Rule to repeal Rule 19-15.001, F.A.C., “Insurance Capital Build-Up Incentive Program,” and to authorize filing these rules for repeal if no member of the public requests a timely Rule hearing
- Florida Office of Insurance Regulation (“OIR”)
- Request approval of appointments to the Florida Workers’ Compensation Joint Underwriting Association (“FWCJUA”) Board of Governors
- State Board of Administration
- OIR Rule Hearing; 9:30 a.m. Amendments to Rule 69O-138.001, “NAIC Financial Condition Examiners Handbook Adopted” would adopt the 2010 and 2011 NAIC Financial Condition Examiners Handbooks. To view the Hearing notice, click here.
- Florida Surplus Lines Service Office (“FSLSO”) National Clearinghouse Committee meeting; 10:00 a.m. Agenda includes issues pertaining to the proposed national surplus lines tax clearinghouse. To view the meeting notice, click here.
Thursday, August 4
- FSLSO National Clearinghouse Committee meeting; 10:00 a.m. Agenda includes issues pertaining to the proposed national surplus lines tax clearinghouse. To view the meeting notice, click here.
LOOKING AHEAD
Tuesday, August 9
- FSLSO National Clearinghouse Committee meeting; 10:00 a.m. Agenda includes issues pertaining to the proposed national surplus lines tax clearinghouse. To view the meeting notice, click here.
Thursday, August 11
- FSLSO National Clearinghouse Committee meeting; 10:00 a.m. Agenda includes issues pertaining to the proposed national surplus lines tax clearinghouse. To view the meeting notice, click here.
- Florida Division of Insurance Agent and Agency Services (“IAAS”) Rule Development Workshop; 11:00 a.m. Proposed Rule 69B-221.155 would adopt four forms to be used by the bail bond industry. To view the hearing notice, click here.
Tuesday, August 16
- Florida Cabinet meeting; 9:00 a.m.
- OIR; to view the hearing notice, click here.
- For final adoption
- 69O-137.001: Annual and Quarterly Reporting Requirements
- For final adoption
- OIR; to view the hearing notice, click here.
- FSLSO National Clearinghouse Committee meeting; 10:00 a.m. Agenda includes issues pertaining to the proposed national surplus lines tax clearinghouse. To view the meeting notice, click here.
- IAAS Proposed Rule Hearing; 10:30 a.m. Amendments to proposed Rule 69B-162.011 would reflect certain provisions of Section 626.99(4)(c), F.S., which requires cover pages for fixed and variable annuity contracts. The cover pages must include consumer information about the circumstances under which an annuity contract may be cancelled for an unconditional refund, as well as specific cautionary language informing consumers of the policy risks, features and related contact sources for additional information or complaints. To view the hearing notice, click here.
- Florida Department of Revenue (“DOR”) Rule Development Workshop; 1:30 p.m.
- The proposed Rules (below) would remove provisions regarding the emergency excise tax repealed effective January 1, 2012, by Section 22, Chapter 2011-76, L.O.F.,; incorporate changes to forms used by the DOR in the administration of the insurance premium taxes, fees, and surcharges; and remove obsolete or unnecessary provisions. To view the hearing notice, click here.
- 12B-8.001: Premium Tax; Rate and Computation
- 12B-8.0012: Insurance Policy Surcharge; Rate and Computation
- 12B-8.003: Tax Statement; Overpayments
- 12B-8.006: State Fire Marshal Regulatory Assessment and Surcharge; Levy and Amount
- 12B-8.007: Deposit of Certain Tax Receipts; Refund of Improper Payments
- 12B-8.016: Retaliatory Provisions
- The proposed Rules (below) would incorporate changes to the Florida Tax Credit Scholarship Program made by Chapter 2011-123, L.O.F., which extends the period for which authorized tax credits may be taken from three years to five years, eliminates the 75 percent limitation on the corporate income tax and insurance premium tax credits, and allows taxpayers who have previously rescinded a tax credit more than once to obtain approval to rescind an outstanding tax credit. To view the hearing notice, click here.
- The proposed Rules (below) would remove provisions regarding the emergency excise tax repealed effective January 1, 2012, by Section 22, Chapter 2011-76, L.O.F.,; incorporate changes to forms used by the DOR in the administration of the insurance premium taxes, fees, and surcharges; and remove obsolete or unnecessary provisions. To view the hearing notice, click here.
Wednesday, August 17
- Florida Commission on Loss Projection Methodology (“FCHLPM”) meeting; 9:00 a.m. to 4:00 p.m. Discussion of 2011 standards and procedures. To view the meeting notice, click here.
- Florida Board of Employee Leasing Companies (“BELC”) Board Meeting; 10:00 a.m. Teleconference: 888-808-6959; conference code: 9226020. To view the meeting notice, click here.
Thursday, August 18
- FCHLPM meeting; 9:00 a.m. to 4:00 p.m. Continuation of 2011 Standards and Procedures discussion. To view the meeting notice, click here.
- FSLSO National Clearinghouse Committee meeting; 10:00 a.m. Agenda includes issues pertaining to the proposed national surplus lines tax clearinghouse. To view the meeting notice, click here.
- (CANCELED) FWCJUA Audit Committee meeting; 10:00 a.m. To view the meeting notice, click here.
Friday, August 19
- (CANCELED) FWCJUA Investment Committee meeting; 10:00 a.m. To view the meeting notice, click here.
Tuesday, August 23
- FSLSO National Clearinghouse Committee meeting; 10:00 a.m. Agenda includes issues pertaining to the proposed national surplus lines tax clearinghouse. To view the meeting notice, click here.
- Florida Self-Insurers Guaranty Association Board meeting; 3:00 p.m.
Thursday, August 25
- FSLSO National Clearinghouse Committee meeting; 10:00 a.m. Agenda includes issues pertaining to the proposed national surplus lines tax clearinghouse. To view the meeting notice, click here.
Monday, August 29
- IAAS Proposed Rule Hearing; 10:00 a.m. Repeal of Rule 69B-125.004, relating to credit report use and disclosure in consideration of insurance applications, since it is duplicative of Rule 69O-125.004, which is administered by the OIR.
Tuesday, August 30
- FSLSO National Clearinghouse Committee meeting; 10:00 a.m. Agenda includes issues pertaining to the proposed national surplus lines tax clearinghouse. To view the meeting notice, click here.
Wednesday, September 7
- FWCJUA Annual Membership and Board of Governors Meeting; 10:00 a.m. To view the meeting notice, click here.
Wednesday, September 21
- BELC Board Meeting; 10:00 a.m. To view the meeting notice, click here.
Wednesday, September 28
- Citizens Property Insurance Corporation (“Citizens”) Board of Governors meeting; 9:00 a.m. Teleconference: 888-942-8686; conference code: 8419204389#. To view the meeting notice, click here.
Thursday, September 29
- Florida Workers’ Compensation Insurance Guaranty Association (“FWCIGA”) Board of Governors meeting.
Wednesday, October 19
- BELC Board Meeting; 10:00 a.m. Teleconference: 888-808-6959; conference code: 9226020. To view the meeting notice, click here.
Should you have any questions or comments, please contact Colodny Fass.
To unsubscribe from this newsletter, please send an email to Brooke Ellis bellis@cftlaw.com.