Florida Insurance Calendar: December 20 – 24

 

Following is a listing of Florida insurance-related legislative and regulatory events for the week of December 20-24, 2010:

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

 

FLORIDA LEGISLATIVE EVENTS

Tuesday, January 11, 2011

• Senate Committee on Banking and Insurance; 10:45 a.m. to 12:45 p.m.

Wednesday, January 12, 2011

• House of Representatives Insurance and Banking Subcommittee; 9:00 a.m. to 12:00 p.m. 

 

FLORIDA INSURANCE REGULATORY EVENTS

Wednesday, December 22

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

 

LOOKING AHEAD

 

Wednesday, January 19, 2011

• Florida Surplus Lines Service Office (“FSLSO”)
  • Audit Committee meeting; 8:30 a.m.  FSLSO annual financial audit performance review.  To view the meeting notice, click here.
  • Board of Governors meeting; 9:00 a.m.  To view the meeting notice, click here.
• Florida Cabinet; 9:00 a.m.  Agenda forthcoming.
  • Florida Office of Insurance Regulation:
    • For final adoption:
      • Proposed Rules relating to the incorporation of a new category of Motor Vehicle Service Agreement Companies called “Motor Vehicle Manufacturers.”
      • Proposed Rule 69O-138.047: Description of Actuarial Memorandum Including an Asset Adequacy Analysis and Regulatory Asset Adequacy Issues Summary.  To view the proposed Rule text, click here.
      • Proposed Rule 69O-162.203: Adoption of 2001 Commissioners Standard Ordinary (CSO) Preferred Mortality Tables for Determining Reserve Liabilities for Ordinary Life Insurance.  To view the proposed Rule text, click here.
      • Proposed Rule 69O-164.020: Valuation of Life Insurance Policies.  To view the proposed Rule text, click here.
      • Proposed Rule 69O-138.001, “NAIC Financial Examiners Handbook Adopted,” would adopt the 2010 NAIC Financial Condition Examiners Handbook.
      • Proposed Rule 69O-137.001, “Annual and Quarterly Reporting Requirements,” would adopt the 2010 NAIC Quarterly Statement Instructions and the 2010 NAIC Accounting Practices and Procedures Manual.
    • For publication:
      • Repeal of Rule 69O-170.105, “Costs, Expenses and Fees of the Arbitration,” which is no longer relevant following a 2008 amendment to F.S. 627.062(6) that removed the arbitration provision.
      • Proposed Rules 69O-157.302,.303,.304, relating to long-term care insurance and new business rates, would be amended to include the new business rates effective for 2011.
      • Proposed Rule 69O-189.007, “Insurer Experience Reporting — Excessive Profits, Workers’ Compensation Insurance,” would adopt a revised workers’ compensation excess profits form, as well as revise the definition of “insurance group” to mean insurers operating under common majority ownership, as opposed to common management.
• 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.

 

 

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