Florida Insurance Calendar: February 9-13, 2015

 

Following is a listing of Florida insurance-related legislative and regulatory events for the week of February 9-13, 2015.  All times are shown in Eastern Time.

Additional information is available via hyperlink where noted in bold type.

 

FLORIDA INSURANCE LEGISLATIVE EVENTS   

 

Monday, February 9

• Florida House Insurance and Banking Subcommittee meeting; 4:00 p.m. to 6:00 p.m.  To view the meeting notice, click here.
  • Workshop on assignment of benefits for property and casualty insurance 

 

Upcoming Interim Committee Meetings

• Week of February 16, 2015

 

FLORIDA INSURANCE REGULATORY EVENTS   

 

Tuesday, February 10

• Federal Advisory Committee on Insurance meeting; 1:00 p.m. to 5:00 p.m.  Washington, D.C.  To view the meeting notice, click here.

Thursday, February 12

• Florida Office of Insurance Regulation (“OIR”) Proposed Rule Hearing; 9:30 a.m.  
  • Proposed amendments to Rule 69O-137.001, “Annual and Quarterly Reporting Requirements,” would adopt the 2015 National Association of Insurance Commissioners (“NAIC”) Quarterly Statement Manual, the 2014 NAIC Annual Statement Instruction Manual, and the 2014 and 2015 NAIC Accounting Practices and Procedures Manuals.  To view the hearing notice, click here.
  • Proposed amendments to Rule 69O-138.001, “NAIC Financial Condition Examiners Handbook Adopted,” would adopt the 2014 and 2015 NAIC Financial Condition Examiners Handbooks.  To view the hearing notice, click here.
• Florida Workers’ Compensation Joint Underwriting Association (“FWCJUA”) Investment Committee meeting; 10:00 a.m.  To view the meeting notice, click here.
• FWCJUA Rates and Forms Committee meeting; 2:00 p.m.  To view the meeting notice, click here.

 

LOOKING AHEAD

 

Tuesday, February 17

• Florida Board of Employee Leasing Companies (“BELC”) General Business meeting; 1:00 p.m.  To view the agenda, click here.

Wednesday, February 18

• BELC General Business meeting; 9:00 a.m.  Continuation of the February 17 meeting.  To view the agenda, click here.
• OIR Proposed Rule Hearing; 9:30 a.m.  Proposed amendments to Rule 69O-144.005, “Credit for Reinsurance,” and 69O-144.007, “Credit for Reinsurance From Eligible Reinsurers,” would conform Florida to the National Association of Insurance Commissioners’ Model Law for accreditation purposes and provide consistency among regulatory jurisdictions on how reinsurers are granted the status of “certified reinsurer” (currently termed “eligible reinsurer” in the Rule) and the manner in which Florida domestic insurers can apply credit for reinsurance from these entities.  To view the hearing notice, click here.

Thursday, February 19

• Florida Commission on Hurricane Loss Projection Methodology Flood Standards Development Committee.  9:00 a.m. to 1:00 p.m.  Meeting materials are forthcoming.
• FWCJUA Board of Governors meeting; 10:00 a.m.  To view the meeting notice, click here.
• Florida Department of Financial Services–Division of Insurance Fraud meeting; 3:00 p.m.  Review applications for the Anti-Fraud Reward Program and discuss reward amounts.  Teleconference:  (850) 413-1558; conference ID:  51700.  To view the agenda, click here.

Tuesday, February 24

• OIR Rule Development Workshop; 9:30 a.m.  Proposed amendments to Rule 69O-166.031, “Mediation of Property Insurance Claims,” would address the invalidity of a portion of the Rule as a result of the ruling in State Farm Florida Ins. Co. v Unlimited Restoration Specialists, Inc., 84 So. 3d 390 (Fla. 5th DCA 2012), as well as eliminate redundant language contained in the DFS Rule governing the Mediation Program.  To view the workshop notice, click here.

Thursday, February 26

• Florida Department of Financial Services–Division of Workers’ Compensation (“DWC”) Proposed Rule Hearing; 9:00 a.m.  The Florida Workers’ Compensation Health Care Provider Reimbursement Manual incorporated in Rule 69L-7.020, and the Florida Workers’ Compensation Reimbursement Manual for Ambulatory Surgical Centers incorporated in Rule 69L-7.100, would be updated to conform to the mandate in paragraph 440.13(12)(b), F.S., limiting workers’ compensation healthcare provider reimbursements to 110 percent of Medicare reimbursement allowances.  Manuals containing updated billing codes also would be updated.
• Florida Department of Business and Professional Regulation Proposed Rule Hearing; 10:00 a.m.  Rule 61-31.701, “Minimum Standards and Practices for Mold Assessors” and 61-31.702, “Minimum Standards and Practices for Mold Remediators.”  Teleconference:  (888) 670-3525; participant passcode: 2295006118#.

Wednesday, March 4

• DWC Proposed Rule Hearing; 9:00 a.m.
  • Proposed amendments to Rule 69L-6.027 would revise a penalty calculation worksheet to provide the premium credit for the initial payment of premium made to secure coverage against an assessed penalty, as well as adjust the penalty lookback period and multiplier to conform to statutory changes. 
  • Proposed amendments to Rule 69L-6.028 would change the time frame to impute an employer’s payroll in the absence of business records from 20 to 28 days after receipt of the DFS request to produce records, and would change the factor to calculate employee payroll from 1.5 to 2 times the state average weekly wage, to conform to Section 440.107, Florida Statutes.  Also, the time frame for an employer to provide additional records would be revised to 20 business days after the service of the first amended order of penalty assessment. 
  • Proposed amendments to Rule 69L-6.035 would also change the factor to calculate employee payroll from 1.5 to 2 times the state average weekly wage to conform to Section 440.107.  Additionally the amendments would change citations in Rules 69L-6.028 and 69L-6.035 to reflect the current convention of naming to the specific subdivision cited.

Friday, March 6

• Florida Workers’ Compensation Insurance Guaranty Association Board of Directors meeting; 10:00 a.m.  Tallahassee, Florida.  To view the meeting notice, click here.

Wednesday, March 18

• Florida Citizens Property Insurance Board of Governors meeting; 9:00 a.m. to 10:30 a.m.  To view the meeting notice, click here.

Monday, March 23

• Florida Self-Insurers Guaranty Association Audit Committee meeting; 2:00 p.m.  Teleconference:  (866) 866-2244; conference code:  7903005.

Monday, April 13

• Florida Surplus Lines Service Office Board of Governors meeting; 1:00 p.m.  Tallahassee, Florida.  To view the meeting notice, click here.

Thursday, April 23

• Florida Insurance Guaranty Association (“FIGA”) Finance and Audit Committee meeting. Tallahassee, Florida.  To view the meeting notice, click here.

Friday, April 24

• FIGA Board of Directors meeting.  Tallahassee, Florida.  To view the meeting notice, click here.

 

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