Florida Insurance Calendar–June 23 – 27, 2014

 

Following is a listing of Florida insurance-related regulatory events for the week of June 23-27, 2014.  All times are shown in Eastern Time.

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

 

FLORIDA INSURANCE REGULATORY EVENTS   

  

Tuesday, June 24

• Citizens Property Insurance Corporation (“Citizens”) Committee meetings.  To view the respective meeting notices, click on the following hyperlinks:
  • Market Accountability Advisory Committee; 8:00 a.m. to 9:30 a.m.
  • Actuarial and Underwriting Committee; 10:00 a.m. to 12:00 p.m.
  • Consumer Services Committee; 1:00 p.m. to 2:00 p.m.
  • Audit Committee; 2:30 p.m. to 3:30 p.m.
  • Finance and Investment Committee; 4:00 p.m. to 5:00 p.m.

Wednesday, June 25

• Citizens Board of Governors meeting; 9:00 a.m. to 12:00 p.m.  Winter Park, Florida.  Teleconference: (888) 942-8686; conference ID: 5743735657#.  To view the meeting notice, click here.  Materials are forthcoming.
• Florida Board of Employee Leasing Companies Board meeting; 10:00 a.m.  Teleconference:  (888) 670-3525; conference code:  7489217568#.  To view the meeting notice, click here.

 

LOOKING AHEAD

 

Friday, July 11

• Florida Division of Administrative Hearings Rule Development Workshop; 12:00 p.m. to 2:00 p.m.  Proposed amendments to procedural Rules applicable to workers’ compensation adjudications before judges of compensation claims in accordance with Sections 440.015 and 440.44(2), Florida Statutes.  To view the Workshop notice, click here.

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.

Tuesday, September 9

• Florida Cabinet meeting; 9:00 a.m.
  • Florida Office of Insurance Regulation 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.

 

 

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