Florida Insurance Calendar: July 18 – 22

 

Following is a listing of insurance-related Florida regulatory events for the week of July 18-22, 2011:

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

 

FLORIDA INSURANCE REGULATORY EVENTS

 

Tuesday, July 19

• Florida Office of Insurance Regulation (“OIR”) Public Rate Hearing:  Castle Key Insurance Company and Castle Key Indemnity Company; 9:00 a.m.  Agenda forthcoming.  To view the meeting notice, click here.
• Florida Workers’ Compensation Joint Underwriting Association (“FWCJUA”) Board of Governors meeting; 10:00 a.m.  To view the meeting notice, click here.  To view the agenda, click here.
• Florida Surplus Lines Service Office (“FSLSO”) National Clearinghouse Committee meeting; 10:00 a.m.  Agenda includes issues pertaining to the proposed national surplus lines tax clearinghouse.  To view the meeting notice, click here.
• Florida Division of Workers’ Compensation (“DWC”) Proposed Rule Hearing; 1:30 p.m.  Amendments to Rule 69L-6.021 would adopt updated and revised construction class codes, descriptions and definitions through February 1, 2011 in the Florida exception pages of the National Council on Compensation Insurance (“NCCI”) Basic Manual and the NCCI Scopes® of Basic Manual Classifications to determine workers’ compensation insurance coverage requirements.  The proposed Rule also would define when an employer is engaged in the construction industry.  To view the hearing notice, click here.

Wednesday, July 20

• Florida Board of Employee Leasing Companies (“BELC”) Board meeting; 10:00 a.m.  To view the meeting notice, click here.  To view the agenda click here. 
• Florida Workers’ Compensation Insurance Guaranty Association Investment Committee meeting; 10:00 a.m.  To view the meeting notice, click here.

Thursday, July 21

• OIR Public Hearing; 10:00 a.m.  Application for acquisition of First Professional Insurance Company, Inc. by The Doctors Company.  To view the hearing notice, click here.
• FSLSO National Clearinghouse Committee meeting; 10:00 a.m.  Agenda includes issues pertaining to the proposed national surplus lines tax clearinghouse.  To view the meeting notice, click here.

 

LOOKING AHEAD

 

Monday, July 25

• Florida Insurance Guaranty Association Finance and Audit Committee meeting; 10:30 a.m.  To view the meeting notice, click here.

Tuesday, July 26

• OIR Proposed Rule Hearing; 9:30 a.m.
  • 69O-164.020:  Valuation of Life Insurance Policies
    • Rule amendments would revise the National Association of Insurance Commissioners (“NAIC”) Model Regulation that reduce the minimum premium deficiency reserve requirement, subject to certain conditions to ensure adequacy of reserves.  To view the hearing notice, click here.
  • 69O-162.203:  Adoption of 2001 Commissioners Standard Ordinary Preferred Mortality Tables for Determining Reserve Liabilities for Ordinary Life Insurance
    • Rule amendments would revise the NAIC Model Regulation, explain the conditions for use of the preferred class structure mortality tables and permit use of the mortality tables for policies issued prior to the adoption date of the original Rule.  To view the hearing notice, click here.
  • 69O-138.047:  Description of Actuarial Memorandum Including an Asset Adequacy Analysis and Regulatory Asset Adequacy Issues Summary
    • Rule amendments would revise the NAIC Model Regulation by adding an additional requirement to the Regulatory Asset Adequacy Issues Summary as a result of changes to Rules 69O-162.203 and 69O-164.020, F.A.C.  To view the hearing notice, click here.
• Florida Division of Insurance Agent and Agency Services Proposed Rule Hearing; 11:00 a.m.  Proposed Rule 69B-215.235 would set standards for the use and representation to consumers of professional designations or certifications by licensees engaged in the marketing and sale of insurance products.  To view the Hearing notice, click here.

Monday, August 1

• DWC Rule Development Workshop; 10:00 a.m.  To view the meeting notice, click here.
  • Rule 69L-5.205: Loss Data Reporting
    • Proposed Rule amendments would clarify that former self-insurers must report loss data for the final period of authorization only once.
  • Rule 69L-5.217: Civil Penalties and Fines
    • Proposed Rule amendments would reduce the penalties assessed against self-insurers for late filing of required forms, reports and documents and also recalculate penalties that were assessed against a self-insurer.  

Tuesday, August 2

• Florida Cabinet meeting; 9:00 a.m.
  • OIR 
    • For final adoption
      • 69O-137.001: Annual and Quarterly Reporting Requirements
• OIR Rule Hearing; 9:30 a.m.  Amendments to Rule 69O-138.001, “NAIC Financial Condition Examiners Handbook Adopted” would adopt the 2010 and 2011 NAIC Financial Condition Examiners Handbooks.  To view the Hearing notice, click here.

Wednesday, August 17

• BELC Board Meeting; 10:00 a.m.  Teleconference:  888-808-6959; conference code:  9226020.  To view the meeting notice, click here.

Thursday, August 18

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

Friday, August 19

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

Tuesday, August 23

• Florida Self-Insurers Guaranty Association Board meeting; 3:00 p.m.

Wednesday, September 7

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

Wednesday, September 21

• BELC Board Meeting; 10:00 a.m.  To view the meeting notice, click here.

Wednesday, September 28

• Citizens Property Insurance Corporation Board of Governors meeting; 9:00 a.m.  Teleconference:  888-942-8686; conference code:  8419204389#.  To view the meeting notice, click here.

Wednesday, October 19

• BELC Board Meeting; 10:00 a.m.  Teleconference:  888-808-6959; conference code:  9226020.  To view the meeting notice, click here.

 

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

 

 

To unsubscribe from this newsletter, please send an email to Brooke Ellis bellis@cftlaw.com.