Florida Insurance Calendar: August 13 – 17

 

Following is a listing of Florida insurance-related regulatory events for the week of August 13-17, 2012:

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

 

 

FLORIDA INSURANCE REGULATORY EVENTS

         

Tuesday, August 14

• Florida Office of Insurance Regulation (“OIR”) Proposed Rule Hearing; 9:30 a.m.  
  • 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.  To view the hearing notice, click here.
  • Proposed amendments to Rule 69O-137.001 would adopt the 2011 National Association of Insurance Commissioners (“NAIC”) Quarterly Statement Instructions and the 2011 NAIC Accounting Practices and Procedures Manual.  To view the hearing notice, click here.
  • Proposed amendments to Rule 69O-138.001 would adopt the 2012 NAIC Financial Condition Examiners Handbook.  The current Rule adopted the 2011 version.  To view the hearing notice, click here.

Wednesday, August 15

• Florida Workers’ Compensation Joint Underwriting Association (“FWCJUA”) Audit Committee meeting; 10:00 a.m.  To view the meeting notice, click here.  To view the agenda, click here.

Thursday, August 16

• OIR Proposed Rule Hearing; 9:30 a.m.  
  • Proposed repeal of Rule 69O-143.045, which was originally promulgated in the 1970s and defines a list of domestic insurer-related terms–many of which are now inconsistent with portions of the Florida Insurance Code.  To view the hearing notice, click here.
  • Proposed repeal of Rule 69O-142.011, which establishes penalty guidelines for insurer conduct violations discovered or investigated through financial examinations, market conduct examinations or OIR investigations.  Many of the existing fines have become antiquated due to inflation.  To view the hearing notice, click here.
  • Proposed repeal of Rule 69O-198.003, which prohibits any person, entity or administrator from providing or offering to provide service warranties unless authorized through OIR license, because it is a restatement of Section 634.403, F.S. and, therefore, unnecessary.  To view the hearing notice, click here.
  • Proposed repeal of Rule 69O-170.012, which prohibits insurers from non-renewing or canceling property insurance policies “on the basis of filing of claims for partial loss caused by sinkhole damage or clay shrinkage.”  Legislative changes have caused this Rule to become antiquated and unnecessary.  To view the hearing notice, click here.
• OIR Proposed Rule Hearing; 1:00 p.m.  Consideration of amendments to Rule 69O-149.003, “Rate Filing Procedures.”  To view the hearing notice, click here.
• Florida Workers’ Compensation Insurance Guaranty Association (“FWCIGA”) Workgroup meeting; 9:00 a.m.  Agenda includes discussion of issues and concerns resulting from recent insolvencies, including large deductible policies, collateral and employee leasing policies.  To view the meeting notice, click here.

 

LOOKING AHEAD

 

Tuesday, August 21

• Florida Self-Insurers Guaranty Association (“FSIGA”) Audit Committee meeting; 12:00 p.m.  Orlando, Florida.  To view the meeting notice, click here.
• FSIGA Board of Directors meeting; 3:00 p.m.  Orlando, Florida.  To view the meeting notice, click here.

Wednesday, August 22

• Florida Division of Administrative Hearings Proposed Rule Hearing; 8:00 a.m. to 9:30 a.m.  Proposed amendments to procedural Rules for adjudication of workers’ compensation claims are intended to improve definitions, implement mandatory electronic filing, streamline the service of pleadings, promote the timely resolution of attorneys’ fees and costs, discourage duplication and unnecessary filings, encourage timely orders, streamline mediation, provide for voluntary mediation, promote timely discovery and entry of discovery orders, streamline motion practice, allow Judges of Compensation Claims to approve stipulations and streamline the appointment of expert medical advisors.  To view the hearing notice, along with a list of Rules being amended, click here.
• Citizens Property Insurance Corporation (“Citizens”) Information Systems Advisory Committee meeting; 1:00 p.m. to 2:30 p.m.  Teleconference:  866-361-7525; participant code:  4869641229#.  To view the meeting notice, click here.

Friday, August 24

• OIR Proposed Rule Hearing; 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.

Monday, August 27

• Florida Division of Workers’ Compensation Proposed Rule Hearing; 9:30 a.m.  The proposed amendment to Rule 69L-5.217, entitled “Civil Penalties and Fines,” would reduce the amount of the penalty imposed by Rule 69L-5.217(1)(a)4 for delinquent forms, reports and documents from $200 per day to $100 per day.  To view the hearing notice, click here.

Tuesday, August 28

• Florida Board of Employee Leasing Companies (“BELC”) Board Meeting; 9:00 a.m.  Jacksonville, Florida.  To view the meeting notice, click here.

Wednesday, August 29

• BELC Board Meeting; 9:00 a.m.  Jacksonville, Florida.  To view the meeting notice, click here.
• FWCJUA Operations Committee meeting; 10:00 a.m.  To view the meeting notice, click here.  To view the agenda, click here.
• FWCJUA Reinsurance Committee meeting; 2:00 p.m.  To view the meeting notice, click here.  To view the agenda, click here.

Thursday, August 30

• Florida Hurricane Catastrophe Fund (“FHCF”) Rule Development Workshop; 9:00 a.m. to 12:00 p.m.  Proposed amendments to Rule 19-8.010 pertain to FHCF Reimbursement Contract Requirements for the 2013/2014 FHCF Contract Year.  To view the hearing notice, click here.
• FHCF Advisory Council meeting; 1:00 p.m.  Consideration of approval for the filing of a Notice of Proposed Rule for 19-8.010, “Reimbursement Contract,” and to file it for adoption if no member of the public requests a Rule hearing in a timely manner.  To view the meeting notice, click here.
• FWCJUA Rates and Forms Committee meeting; 2:00 p.m.  To view the meeting notice, click here.

Wednesday, September 5

• FWCIGA Workgroup meeting.  Agenda includes discussion of issues and concerns resulting from recent insolvencies including large deductible policies, collateral and employee leasing policies.  To view the meeting notice, click here.

Thursday, September 6

• Citizens Market Accountability Advisory Committee meeting; 11:00 a.m. to 12:00 p.m.  Teleconference: 866-361-7525; participant code:  4869641229#.  To view the meeting notice, click here.
• Citizens Consumer Services Committee meeting; 1:00 p.m. to 2:00 p.m.  Teleconference:  866-361-7525; participation code: 6487811620#.  To view the meeting notice, click here.
• Citizens Depopulation Committee meeting; 2:30 p.m. to 5:00 p.m.  Teleconference:  855-312-8651; participation code:  4458606638#.  To view the meeting notice, click here.

Friday, September 7

• Citizens Board of Governors meeting; 9:00 a.m. to 12:00 p.m.  Teleconference:  888-942-8686.  Participant Code:  5743735657#.  To view the meeting notice, click here.

Wednesday, September 12

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

Wednesday, September 19

• BELC Board Meeting; 10:00 a.m. Teleconference: 888-670-3525; participant code: 7489217568#.  To view the meeting notice, click here.

Monday, September 24

• FWCIGA Board of Directors meeting; 2:00 p.m. Tallahassee, Florida. To view the meeting notice, click here.

 

 

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