Florida Insurance Calendar: March 2-6, 2015

Mar 2, 2015

 

Following is a listing of Florida insurance-related legislative and regulatory events for the week of March 2-6, 2015.  All times are shown in Eastern Time.

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

 

FLORIDA INSURANCE LEGISLATIVE EVENTS   

     

    Tuesday, March 3

    • The 2015 Florida Regular Legislative Session will convene.
    • 4:30 p.m.–Florida House Insurance and Banking Subcommittee meeting.    

    Wednesday, March 4

    • 1:00 p.m.–Florida Senate Committee on Banking and Insurance meeting.  To view the agenda, click here.

     


    FLORIDA INSURANCE REGULATORY EVENTS   

     

      Wednesday, March 4

      • 9:00 a.m.–Florida Division of Workers’ Compensation Proposed Rule Hearing.
        • Proposed amendments to Rule 69L-6.027 would revise a penalty calculation worksheet to provide the premium credit for the initial payment of premium made to secure coverage against an assessed penalty, as well as adjust the penalty lookback period and multiplier to conform to statutory changes. 
        • Proposed amendments to Rule 69L-6.028 would change the time frame to impute an employer’s payroll in the absence of business records from 20 to 28 days after receipt of the DFS request to produce records, and would change the factor to calculate employee payroll from 1.5 to 2 times the state average weekly wage, to conform to Section 440.107, Florida Statutes.  Also, the time frame for an employer to provide additional records would be revised to 20 business days after the service of the first amended order of penalty assessment. 
        • Proposed amendments to Rule 69L-6.035 would also change the factor to calculate employee payroll from 1.5 to 2 times the state average weekly wage to conform to Section 440.107.  Additionally the amendments would change citations in Rules 69L-6.028 and 69L-6.035 to reflect the current convention of naming to the specific subdivision cited.
      • 3:00 p.m.–Florida Citizens Property Insurance (“Citizens”) Information Systems Advisory Committee meeting.  Teleconference:  (866) 361-7525; conference ID:  4869641229#.  To view the meeting materials, click here.

        Thursday, March 5

        • 10:00 a.m.–Citizens Claims Committee meeting.  Teleconference:  (866) 361-7525; conference ID:  5219676193#.  To view the meeting materials, click here.

        Friday, March 6

        • 10:00 a.m.–Florida Workers’ Compensation Insurance Guaranty Association Board of Directors meeting.  Tallahassee, Florida.  To view the meeting notice, click here.

        Wednesday, March 11

        • 9:00 a.m.–Florida Department of Revenue Rule Development Workshop.  Proposed amendments to Rule 12B-8.001, “Insurance Premium Tax; Rate and Computation,” would provide clarification regarding the computation of the installment payment amount required to meet the prior year exception when a taxpayer has made one or more qualifying contributions to eligible nonprofit scholarship-funding organizations.  To view the meeting notice, click here.
        • 10:00 a.m.Florida Department of Financial Services (“DFS”) – Division of Consumer Services (“DCS”) Proposed Rule Hearing.  Proposed repeal of Rule 69J-7.001, “Grants-Medical Condition Exception,” which provides that if an existing and compliant opening protection system of a home is unlikely to be deployed due to the homeowner’s medical limitations, a replacement system more likely to be deployed under the medical limitations shall qualify for a grant from the My Safe Florida Home program.  This Rule is proposed for repeal because the statute implemented does not address grants based on medical limitations.  To view the hearing notice, click here.
        • 11:00 a.m.–DFS – DCS Proposed Rule Hearing.  Tallahassee, Florida.  Proposed repeal of Rule 69J-9.001, “Database of Information Relating to Sinkholes,” which requires insurers to electronically submit data for all sinkhole or catastrophic ground cover collapse claims (confirmed on or after January 1, 2005) to the DCS.  To view the hearing notice, click here.

        Tuesday, March 17

        • Citizens Committee meetings.  Maitland, Florida.  
          • 9:00 a.m.–Market Accountablity Advisory Committee.  Teleconference:  (866) 361-7525; conference ID:  7849939192#.  To view the meeting notice, click here.
          • 11:00 a.m.–Audit Committee meeting.  Teleconference:  (866) 361-7525; conference ID:  3877541849#.  To view the meeting notice, click here.
          • 12:30 p.m.–Consumer Services Committee.  Teleconference:  (866) 361-7525; conference ID:  6487811620#.  To view the meeting notice, click here.
          • 2:30 p.m.–Finance and Investment Committee.  Teleconference:  (866) 361-7525; conference ID:  2478401990#.  To view the meeting notice, click here.
          • 4:00 p.m.–Actuarial and Underwriting Committee.  Teleconference:  (866) 361-8575; conference ID:  8632017402#.  To view the meeting notice, click here.

        Wednesday, March 18

        • 9:00 a.m. to 10:30 a.m.–Citizens Property Insurance Board of Governors meeting.  To view the meeting notice, click here.

        Monday, March 23

        • 2:00 p.m.–Florida Self-Insurers Guaranty Association Audit Committee meeting.  Teleconference:  (866) 866-2244; conference code:  7903005.

        Monday, April 13

        • 1:00 p.m.–Florida Surplus Lines Service Office Board of Governors meeting.  Tallahassee, Florida.  To view the meeting notice, click here.

        Thursday, April 23

        • Florida Insurance Guaranty Association (“FIGA”) Finance and Audit Committee meeting. Tallahassee, Florida.  To view the meeting notice, click here.

        Friday, April 24

        • FIGA Board of Directors meeting.  Tallahassee, Florida.  To view the meeting notice, click here.

         

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