Florida Insurance Calendar–July 14-18, 2014

 

Following is a listing of Florida insurance-related regulatory events for the week of July 14-18, 2014.  All times are shown in Eastern Time.

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

 

FLORIDA INSURANCE REGULATORY EVENTS   

 

Thursday, July 17

• Florida Workers’ Compensation Joint Underwriting Association (“FWCJUA”) Market Assistance Plan meeting; 11:00 a.m.  To view the meeting notice, click here.
• Florida Division of Workers’ Compensation Rule Development Workshop; 10:00 a.m. to 12:00 p.m.  Tallahassee, Florida.  Proposed amendments to Rule Chapter 69L-30 would streamline the process through which a physician provides documentation on required qualifications for certification as an Expert Medical Advisor pursuant to subsection 440.13(9), F.S.  For more information, click here to view the Hearing notice.

 

LOOKING AHEAD

 

Tuesday, July 22

• Florida Surplus Lines Service Office Board of Governors meeting; 1:00 p.m.  Sarasota, Florida.  Agenda includes presentation of compensation program study.  To view the meeting notice, click here.

Wednesday, July 23

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

Wednesday, July 30

• FWCJUA Producer Committee meeting; 10:00 a.m. To view the meeting notice, click here.

Wednesday, August 6

• Florida Office of Insurance Regulation Rule Development Workshop; 9:30 a.m. 
  • Rule 69O-137.001 would be amended to adopt the 2014 National Association of Insurance Commissioners (“NAIC”) Quarterly Statement Manuals, the 2013 NAIC Annual Statement Instructions Manuals, and the 2013 and 2014 NAIC Accounting Practices and Procedures Manuals.  To view the Workshop notice, click here.
  • Rule 69O-138.001 would be amended to adopt the 2013 and 2014 NAIC Financial Condition Examiners Handbooks.  To view the Workshop notice, click here.

Wednesday, August 13

• Florida Division of Workers’ Compensation Proposed Rule Hearing; 9:30 a.m.  Proposed amendments to Rule 69L-6.012, “Election to be Exempt,” would conform to applicable provisions of Chapter 440, F.S. relating to the process by which corporate officers may apply to be exempt from Florida’s workers’ compensation coverage requirements.  The proposed Rule would also revise online Form DFS-F2-DWC-250 (Notice of Election to Be Exempt) in order to accommodate application by non-construction industry employers.  To view the Hearing notice, click here.
• FWCJUA Investment Committee meeting; 10:00 a.m.  To view the meeting notice, click here.

Thursday, August 14

• FWCJUA Audit Committee meeting; 11:00 a.m.  To view the meeting notice, click here.

Tuesday, August 19

• Florida Self-Insurers Guaranty Association Board of Directors meeting; 2:30 p.m.  Orlando, Florida.

Tuesday, September 9

• Florida Cabinet meeting; 9:00 a.m.
  • Florida Office of Insurance Regulation (“OIR”) agenda
    • A repeal of Rules 69O-123.001, “Purpose” and 69O-123.002, “Procedure,” relating to the filing of civil remedy notices is proposed because the Florida Department of Financial Services (“DFS”) administers the applicable statutory requirements by Rule 69J-123.002. F.A.C.  The OIR does not enforce the provisions of the filing requirements, therefore the Rules are deemed as unnecessary. 
    • A repeal of Rule Chapter 69O-228 relating to continuing education requirements of insurance representatives is proposed, inasmuch as the OIR does not exercise authority over insurance representatives.  Rather, this is the role of the DFS.
    • Consideration of proposed amendments to Rule 69O-148.001, which addresses requirements for insurance policies that fund annuities and preneed contracts.  Currently, the Rule caps the maximum face amount at $7,500 and the statute caps it at $12,500.  The proposed Rule would remove the dollar amount cap and refer instead to the statute, thereby conforming the Rule with current law.

Wednesday, September 10

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

Wednesday, September 24

• Florida Citizens Property Insurance Corporation Board of Governors meeting; 9:00 a.m. to 12:00 p.m. Orlando, Florida.  Teleconference: 888-942-8686; access code: 5743735657#.   To view the meeting notice, click here.

 

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