Florida Insurance Calendar: December 3 – 7

 

Following is a listing of Florida insurance-related legislative and regulatory events for the week of December 3-7, 2012:

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

    

FLORIDA INSURANCE LEGISLATIVE EVENTS

 

Monday, December 3

• 2012-2013 Florida Legislative Interim Committee Meetings begin

Tuesday, December 4

• House Insurance and Banking Subcommittee meeting; 3:00 p.m. to 6:00 p.m.  Agenda includes presentation and discussion on Citizens Property Insurance Corporation (“Citizens”) Depopulation Program and Proposals, and remarks by Florida Insurance Commissioner Kevin McCarty.

Wednesday, December 5

• Senate Committee on Banking and Insurance meeting; 2:00 p.m. to 4:00 p.m.  Agenda includes remarks by Commissioner McCarty.  To view the complete agenda, click here.

 

FLORIDA INSURANCE REGULATORY EVENTS

 

Monday, December 3

• Florida Office of Insurance Regulation (“OIR”) Rule Development Workshop; 9:30 a.m.
  • Proposed amendments to Rule 69O-176.013, entitled “Notification of Insured’s Rights and Standard Disclosure Form,” would update Form OIR-B1-1149 (Notification of Personal Injury Protection Benefits) in accordance with revisions to Personal Injury Protection (“PIP”) laws as amended by HB 119 (Chapter 2012-197, Laws of Florida).  To view the workshop notice, click here.
  • Proposed amendments to Rule 69O-170.0155, entitled “Forms,” would update Form OIR-B1-1809 (Health Care Provider Certification of Eligibility) for PIP benefits due to statutory revisions resulting from HB 119.  To view the workshop notice, click here.
  • Proposed amendments to Rule 69O-148.001, entitled “Funding of Preneed Contracts,” would remove the $7,500 dollar cap on the amount of insurance that may be written, which conflicts with the $12,500 limit permitted under s.626.785, F.S.  To view the workshop notice, click here.

Tuesday, December 4

• Florida Surplus Lines Service Office Board of Governors Executive Committee teleconference meeting; 11:00 a.m.  To view the meeting notice, click here.

 

LOOKING AHEAD

 

Tuesday, December 11

• Florida Cabinet meeting; 9:00 a.m.
  • OIR
    • For final adoption
      • 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.
      • 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.
      • Proposed amendments to Rule 69O-149.003, “Rate Filing Procedures,” delete the maximum annual medical trend tables from the text of the Rule and provides the URL of the OIR’s Website on which the tables will be published and updated as needed. 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.
      • 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.
      • Proposed repeal of Rule 69O-198.003, which prohibits any person, entity or administrator from providing or offering to provide service warranties, unless licensed by the OIR, because it is a restatement of Section 634.403, F.S. and, therefore, unnecessary. 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.
      • 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. 
      • Proposed repeal of Rule 69O-157.105, “Refund of Premium,” which requires long-term care insurers that cancel an insurance policy to refund to the policyholder any unearned premium paid to the insurer.  This Rule substantially restates the language of Section 627.6645(4), F.S. and is considered unnecessary.
      • Proposed repeal of Rule 69O-157.018, “Right to Return Policy-Free Look,” which requires individual long-term care insurers to give policyholders 30 days to examine a policy after delivery, and to return the policy for a full refund of premium if not satisfied for any reason.  This Rule substantially restates the language of Section 627.9407(8), F.S. and is considered unnecessary.
      • Proposed repeal of Rule 69O-185.005, “Advertisement of Mortgage Insurance,” which prohibits insurers from insuring mortgages offered for sale to the public by advertisements that expressly or impliedly represent that the worth, value or safety of the mortgage investment arises by virtue of the proposed mortgage guaranty insurance, rather than by virtue of the value of the underlying security, or which stress the fact that the mortgage guaranty insurance is regulated by an agency of the state or federal government.  This Rule substantially restates the language of Section 635.071(3), F.S. and is considered unnecessary. 
      • Proposed repeal of Rule 69O-196.008, “Failure to Comply,” pertaining to premium finance companies.  This Rule substantially restates the language of Sections 627.832 and 627.833, F.S. and is considered unnecessary. 

• Florida Division of Workers’ Compensation Three-Member Panel meeting; 1:00 p.m.  Tallahassee, Florida.  Consideration of adoption of a methodology for reimbursing hospitals 60 percent and 75 percent of usual and customary charges for outpatient services; re-adoption of the per-diem rates schedule for hospital inpatient care or a revision to the current schedule; re-adoption of the ambulatory surgical center schedule of rates; re-adoption of the 2012 Health Care Provider Reimbursement Manual, which is still pending ratification by the Legislature.  To view the meeting notice, click here.
• Citizens Information Systems Advisory Committee meeting; 2:00 p.m. to 3:30 p.m.  Teleconference:  866-361-7525; participant code:  4869641229#.  To view the agenda, click here.

Wednesday, December 12

• Florida Workers’ Compensation Joint Underwriting Association Board of Governors meeting; 10:00 a.m.  To view the agenda, click here.

Thursday, December 13

• Citizens Market Accountability Advisory Committee meeting; 8:30 a.m. to 10:00 a.m.  Teleconference:  866-361-7525; participant code:  7849939192#.  To view the meeting notice, click here.
• Citizens Consumer Services Committee meeting; 10:30 a.m. to 11:30 a.m.  Teleconference:  866-361-7525; participant code:  6487811620#.  To view the meeting notice, click here.
• Citizens Audit Committee meeting; 12:00 p.m. to 1:30 p.m.  Teleconference:  866-361-7525; participant code:  3877541849#.  To view the meeting notice, click here.
• Citizens Depopulation Committee meeting; 2:00 p.m. to 4:00 p.m.  Teleconference:  855-312-8651; participant code:  4458606638#.  To view the meeting notice, click here.
• Citizens Finance and Investment Committee meeting; 4:30 p.m. to 5:30 p.m.  Teleconference:  866-361-7525; participant code:  2478401990#.  To view the meeting notice, click here.

Friday, December 14

• 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.
• Florida Market Assistance Plan Board of Governors meeting; 12:00 p.m. to 1:00 p.m.  Teleconference:   888-942-8686; participant code:  5743735657#.  To view the meeting notice, click here.

Monday, December 17

• Florida Commission on Hurricane Loss Projection Methodology meeting; 9:00 a.m.  Discussion of model submissions received under the Standards and Acceptability Process for 2011.  Teleconference:  888-670-3525; conference code 7135858151.  To view the meeting notice, click here.

Wednesday, December 19

• Florida Board of Employee Leasing Companies (“BELC”) Board meeting; 10:00 a.m.  Teleconference:  888-670-3525; participant code:  7489217568#.  To view the meeting notice, click here.

Friday, January 4

• Florida Division of Administrative Hearings Rule Development Workshop; 2:30 p.m. to 3:30 p.m.  Video teleconferencing available in various locations.  Proposed amendments to Rule 60Q-6.123, entitled “Procedural Rules for Adjudication of Workers’ Compensation Claims,” would strike unnecessary language intended for removal in an October 2012 revision of the Rule pursuant to s.440.45, F.S.  To view the workshop notice, click here.

Wednesday, January 16

• BELC Board meeting; 10:00 a.m.  Telconference:  866-370-6525; participant code:  7489217568#.  To view the meeting notice, click here.

 

 

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