Florida Insurance Calendar: January 10 – 14

 

Following is a listing of insurance-related Florida legislative and regulatory events for the week of January 10-14, 2010:

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

 

FLORIDA INSURANCE LEGISLATIVE EVENTS

 

Tuesday, January 11

• Florida Senate Committee on Banking and Insurance; 10:45 a.m. to 12:45 p.m. 
  • Presentation on Interim Project 2011-104 (Issues Relating to Sinkhole Insurance)

Wednesday, January 12

• Florida House of Representatives (“House”) Insurance and Banking Subcommittee; 9:00 a.m. to 12:00 p.m.
  • Presentations and discussions on Citizens Property Insurance Corporation (“Citizens”), the Florida Hurricane Catastrophe Fund (“FHCF”) and solvency issues relating to property insurance companies

Thursday, January 13

• House Economic Affairs Committee; 10:15 a.m. to 12:15 p.m.
  • Overview of unemployment compensation

 

FLORIDA INSURANCE REGULATORY EVENTS

 

LOOKING AHEAD

Wednesday, January 19

• 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.
• Florida Board of Employee Leasing Companies Board meeting; 10:00 a.m.  To view the meeting notice, click here. 

Friday, January 21

• Florida Commission on Hurricane Loss Projection Methodology meeting; 9:00 a.m.  The agenda includes consideration of requests for on-site visits to companies that submitted models under the Commission Standards and Acceptability Process for 2011.  Teleconference: 888-808-6959; conference code: 4765251363.  To view the meeting notice, click here.

Tuesday, January 25

• FHCF Proposed Rule Hearing; 9:00 a.m. to 12:00 p.m.  Proposed Rules would adopt the 2011/2012 FHCF Contract Year forms.  To view the Hearing notice and proposed Rule texts, click here.
  • Proposed Rule 19-8.029, entitled “Insurer Reporting Requirements,” would adopt the 2011/2012 FHCF Data Call and the 2011/2012 FHCF Interim and Proof of Loss forms.
  • Proposed Rule 19-8.030, entitled, “Insurer Responsibilities,” would adopt the 2011/2012 FHCF Exposure and Loss Examination Advance Preparation Instructions and the 2011/2012 FHCF Interim and Proof of Loss forms.

Wednesday, January 26

• Citizens Audit Committee meeting; 10:00 a.m. Teleconference:  877-865-3965.

Monday, January 31

• Florida Division of Insurance Agents and Agency Services Proposed Rule Hearing; 10:30 a.m. Amendments to proposed Rule 69B-221.051, entitled “Actively Engaged in Business; Place Suitably Designated; Accessible to Public,” would advise bail bond agents and other interested persons that referenced forms are available via the Florida Department of Financial Services Web site.  To view the Hearing notice and proposed Rule text, click here
• Citizens Board of Governors meeting; 2:00 p.m.  Teleconference:  877-854-3522.

Friday, February 18

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

Tuesday, February 22

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

Wednesday, March 30

• Citizens Board of Governors meeting; 9:00 p.m.  Teleconference:  877-854-3522.

 

Should you have any questions or comments, please contact Colodny Fass.

 

 

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