Florida Insurance Calendar: July 16 – 20

Jul 13, 2012

 

Following is a listing of Florida insurance-related regulatory events for the week of July 16-20, 2012:

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

 

 

FLORIDA INSURANCE REGULATORY EVENTS

   

Monday, July 16

  • Citizens Property Insurance Corporation (“Citizens”) Actuarial and Underwriting Committee meeting; 8:00 a.m. to 9:00 a.m.  Teleconference:  866-361-7525; participant code:  8632017402#.  To view the meeting notice, click here.
  • Citizens Board of Governors Workshop; 9:00 a.m. to 1:00 p.m.  Teleconference:  888-942-8686; participant code:  5743735657#.  To view the meeting notice, click here.
  • Florida Workers’ Compensation Joint Underwriting Association (“FWCJUA”) Board of Governors meeting; 2:00 p.m.  To view the meeting notice, click here.  To view the agenda, click here.

Thursday, July 19

  • Florida Division of Emergency Management Hurricane Loss Mitigation Advisory Council meeting; 9:00 a.m.  Tallahassee, Florida.  To view the meeting notice, click here.
  • Florida Health Insurance Advisory Board meeting; 1:00 p.m. to 4:00 p.m.  Agenda is forthcoming.

 

LOOKING AHEAD

 

Wednesday, July 25

  • Florida Office of Insurance Regulation (“OIR”) Public Rate Hearing:  State Farm Florida Insurance Company (“State Farm”); 9:00 a.m.  State Farm has requested a 58 percent overall rate increase for its rental dwelling line of coverage.  The proposed rate increase would be effective December 1, 2012 for new business and January 15, 2013 for renewal business.  The requested rate increase is not uniform and some areas would be subject to a higher rate increase.  To view the hearing notice, click here.
  • Florida Board of Employee Leasing Companies Board Meeting; 10:00 a.m.  Teleconference:  888-808-6959; conference code:  9226020.  To view the meeting notice, click here.
  • Florida Surplus Lines Service Office Board of Governors Quarterly Business Meeting; 1:00 p.m.  St. Petersburg.  To view the meeting notice, click here.

Thursday, July 26

  • Citizens Market Accountability Advisory Committee meeting; 8:30 a.m. to 9:30 a.m.  Teleconference:  866-361-7525; participant code:  7849939192#.  To view the meeting notice, click here.
  • Citizens Consumer Services Committee meeting; 10:00 a.m. to 11:00 a.m.  Teleconference:  866-361-7525; participant code:  6487811620#.  To view the meeting notice, click here.
  • Citizens Depopulation Committee meeting; 11:30 a.m. to 2:00 p.m.  Teleconference:  855-312-8651; participant code:  4458606638#.  To view the meeting notice, click here.
  • Citizens Audit Committee meeting; 2:30 p.m. to 3:30 p.m.  Teleconference:  866-361-7525; participant code:  3877541849#.  To view the meeting notice, click here.
  • Citizens Finance and Investment Committee meeting; 4:00 p.m. to 5:30 p.m.  Teleconference:  866-361-7525; participant code:  2478401990#.  To view the meeting notice, click here.

Friday, July 27

  • 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.

Tuesday, July 31

  • FWCJUA Producer Committee meeting; 2:00 p.m.  To view the meeting notice, click here.  To view the agenda, click here.

Wednesday, August 1

  • Florida Division of Insurance Agent and Agency Services Rule Development Workshop; 10:30 a.m.  Proposed amendments to Rule 69B-221.051 would address licensee compliance in the filing of Temporary Bail Bond Agent Employment Reports and include the addition and clarification of defined terms and revisions made to related forms.  To view the hearing notice, click here.

Friday, August 3

  • Florida Division of Workers’ Compensation (“DWC”) Proposed Rule Hearing; 10:00 a.m.  Proposed amendments to the Rules below would revise the process by which health care providers meet the minimum criteria for certification pursuant to Section 440.13(3)(a), F.S., as well as introduce the “Florida Workers’ Compensation Health Care Provider Certification Tutorial,” a free online resource that implements an electronic certification process for health care providers.  To view the hearing notice, click here. 
  • DWC Proposed Rule Hearing; 2:00 p.m.  Proposed amendments to Rule 69L-7.602, “Florida Workers’ Compensation Medical Services Billing, Filing and Reporting Rule,” would clarify that insurers are required to provide notification to health care providers in cases where payment of reimbursement for medical services will be subject to apportionment, and would delete a penalties provision that was previously moved to Rule Chapter 24, F.A.C.  To view the hearing notice, click here.
  • DWC Proposed Rule Hearing; 3:00 p.m.  Proposed Rule 69L-3.017, “Notice of Apportionment of Medical Reimbursement Due to a Pre-Existing Condition(s),” would address the apportionment of benefits by claims administrators under Section 440.15(5), F.S.  It would clarify that claims administrators are required to provide employees seeking medical services for dates of injury on or after October 1, 2003 with notification in cases where the payment of a medical benefit will be subject to apportionment.  To view the hearing notice, click here.

Monday, August 6

  • Florida Division of Consumer Services Proposed Rule Hearing; 10:00 a.m.  Proposed repeal of Rules relating to the My Safe Florida Home (“MSFH”) Program, which the Florida Legislature stopped funding in 2009.  The Florida Department of Financial Services stopped providing MSFH inspections and grants on June 30, 2009 due to the lack of funds.  To view the hearing notice, click here.

Wednesday, August 8

  • DWC Proposed Rule Hearing; 10:00 a.m.  Proposed amendments to Rule 69L-6.019, “Policies and Endorsements Covering Employees Engaged in Work in Florida,” would allow out-of-state employers with construction projects in Florida up to two business days from the commencement of an investigation to establish that they have been issued a properly endorsed Florida workers’ compensation policy.  To view the hearing notice, click here.
  • DWC Proposed Rule Hearing; 2:00 p.m.  Proposed amendments to Rule 69L-7.501, “Florida Workers’ Compensation Reimbursement Manual for Hospitals (Manual),” would adopt the 2012 Edition of the Manual, which incorporates a fee schedule reimbursement methodology for certain hospital services based on Current Procedural Terminology® (CPT) line level charge data obtained from defined geographic areas in Florida.  It also establishes criteria to evaluate 18 months of hospital outpatient data.  To view the hearing notice, click here.

Thursday, August 9

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

Tuesday, August 14

  • OIR Proposed Rule Hearing; 9:30 a.m.  To view the hearing notice, click here.
    • 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-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.

Wednesday, August 15

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

Thursday, August 16

  • OIR Proposed Rule Hearing; 9:30 a.m.  To view the hearing notice, click here.
    • Proposed repeal of Rule 69O-143.045, which was originally promulgated in the 1970s and defines a list of insurance items–many of which are now inconsistent with portions of the Florida Insurance Code.
    • Proposed repeal of Rule 69O-142.011, which establishes guidelines for assessment of administrative fines concerning certain violations of the Florida Insurance Code and applicable OIR Rules.  Many of the fines prescribed in this Rule have become antiquated due to inflation.  Furthermore, Section 624.4211, F.S. provides specific guidelines.
    • Proposed repeal of Rule 69O-198.003, which prohibits any person, entity or administrator from providing or offering to provide service warranties unless authorized through OIR license, 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.
  • OIR Proposed Rule Hearing; 1:00 p.m.  To view the hearing notice, click here.
    • Pursuant to Section 627.410(6)(a), F.S., health insurers seeking to issue or renew health insurance policy forms in Florida must submit documentation (rating manuals, rating schedules, change in rating manual, change in rating schedule, etc) to the OIR demonstrating that the proposed policy or policy renewal’s premium rates are reasonable in relation to the benefits provided.  Proposed Rule 69O-149.003, F.A.C. provides insurers with detailed rate filing procedures. 

Friday, August 24

  • OIR Proposed Rule Hearing; 9:30 a.m.  To view the hearing notice, click here.
    • 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.

Wednesday, August 29

  • FWCJUA Operations Committee meeting; 10:00 a.m.  To view the meeting notice, click here.
  • FWCJUA Reinsurance Committee meeting; 2:00 p.m.  To view the meeting notice, click here.

Thursday, August 30

  • FWCJUA Rates and Forms Committee meeting; 2:00 p.m.  To view the meeting notice, click here.

Friday, September 7

  • Citizens Board of Governors meeting; 9:00 a.m. to 12:00 p.m.  Teleconference:  888-942-8686.  To view the meeting notice, click here.

Wednesday, September 12

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

 

 

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