Florida Insurance Calendar: June 21-25

Following is a listing of insurance-related Florida regulatory events for the week of June 21 – 25, 2010:

Note:  All times are Eastern Time.  Additional information is available via hyperlink were noted in bold type.

  

FLORIDA INSURANCE REGULATORY EVENTS   

   

Monday, June 21

• Florida Office of Insurance Regulation (“OIR”) 2:00 p.m. Public meeting regarding the Florida Retail Federation Self-Insurers Fund (“Fund”) Plan of Reorganization, during which public testimony, comments, questions and evidence will be allowed.  The Fund plans to reorganize as a stock insurer that will be indirectly owned by a mutual insurance holding company.  In lieu of attendance, Fund members may provide a notarized statement that will be included in the record; To view the meeting notice, click here.
• National Association of Insurance Commissioners (“NAIC”) Financial Condition Committee; 12:00 p.m.  Teleconference:  412-317-6715

Tuesday, June 22

• NAIC Casualty Actuarial and Statistical Task Force; 2:00 p.m.
• Florida Self-Insurers Guaranty Association Board of Directors Meeting; 3:30 p.m.  Teleconference:  866-866-2244; conference code 7903005

Wednesday, June 23

• NAIC Catastrophe Risk Subgroup; 2:00 p.m.  Teleconference:  412-317-6715

 

LOOKING AHEAD

 

Tuesday, June 29

• OIR Rule Development Workshop; 9:30 a.m.
  • Proposed Rule 69O-138.047: Description of Actuarial Memorandum Including an Asset Adequacy Analysis and Regulatory Asset Adequacy Issues Summary; would adopt changes to 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 meeting notice, click here.
  • Proposed Rule 69O-162.203:  Adoption of 2001 Commissioners Standard Ordinary Preferred Mortality Tables for Determining Reserve Liabilities for Ordinary Life Insurance; in relation to life insurance reserves, would adopt changes to the NAIC Model Regulation and explain the conditions for use of the preferred class structure mortality tables and to permit use of the mortality tables for policies issued prior to the adoption date of the original Rule.  To view the meeting notice, click here. 
  • Proposed Rule 69O-164.020: Valuation of Life Insurance Policies; in relation to life insurance reserves, would adopt changes to the NAIC Model Regulation reducing the minimum premium deficiency reserve requirement, subject to certain conditions to ensure adequacy of reserves.  To view the meeting notice, click here. 

Wednesday, July 7

• Citizens Property Insurance Corporation (“Citizens”) Actuarial and Underwriting Committee; 2:00 p.m.  Teleconference:  866-631-2413.  To view the meeting notice, click here.

Tuesday, July 13

• OIR Rule Hearing; 9:30 a.m.  Proposed Rule 69O-167.024:  Rate Filings for Inland Marine Insurance

Monday, July 26

• Citizens Board of Governors meeting; 2:00 p.m.  Teleconference:  888-295-6211 **NOTE: This meeting was rescheduled from June 28, 2010.**

Wednesday, August 18

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

Thursday, August 19

• Florida Workers Compensation Joint Underwriting Association (“FWCJUA”) Audit Committee; 10:00 a.m.

Friday, August 20

• FWCJUA Investment Committee; 10:00 a.m.

Wednesday, August 25

• Citizens Audit Committee; 2:30 p.m.  Teleconference:  877-260-2826
• Citizens Finance and Investment Committee; 4:00 p.m.  Teleconference:  888-277-7951

Thursday, August 26

• Citizens Board of Governors meeting; 9:00 a.m.  Teleconference:  (888) 295-6211

Monday, August 30

• FWCJUA Operations Committee; 10:00 a.m.

 

 

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

 

 

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