Florida Insurance Calendar: March 20-23

 

Following is a listing of insurance-related Florida legislative and regulatory events for the week of March 20-23, 2012:

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

 

FLORIDA INSURANCE REGULATORY EVENTS

 

Tuesday, March 20

• Florida Cabinet meeting; 9:00 a.m.
  • State Board of Administration 
    • Authorize the Florida Hurricane Catastrophe Fund (“FHCF”) to file a Notice of Proposed Rule for Rule 19-8.029, F.A.C., “Insurer Reporting Requirements,” and Rule 19-8.030, F.A.C., “Insurer Responsibilities,” and to authorize filing these two proposed Rules for adoption if no member of the public makes a timely request for a rule hearing.  To view the meeting notice, click here.
• Florida Surplus Lines Service Office (“FSLSO”) meeting; 10:00 a.m.  A meeting of either the FSLSO Board of Governors or National Clearinghouse Committee is scheduled.  To view the meeting notice, click here.

Wednesday, March 21

• Florida Board of Employee Leasing Companies (“BELC”) Board meeting; 10:00 a.m. Tallahassee, Florida.  To view the meeting notice, click here.  To view the agenda, click here.

Thursday, March 22

• Florida Division of Insurance Agent and Agency Services (“IAAS”) Rule Development Workshop; 9:30 a.m.  Proposed amendments to the following Rules would incorporate recent legislative changes to Part VI of Chapter 626, Florida Statutes.  To view the hearing notice, click here.
  • 69B-220.051:  Conduct of Public Adjusters and Public Adjuster Apprentices
    • Proposed amendments would clarify the responsibilities and requirements of public adjusters and public adjuster apprentices, specify the terms and conditions of contracts, require the license number on advertisements, and prescribe practices to ensure fair dealing between public adjusters and claimants.
  • 69B-220.201: Ethical Requirements for All Adjusters
    • Proposed amendments would update the code of ethics for all adjusters, delete provisions that reiterate or paraphrase statutory material, and clarify the responsibilities and requirements of all adjusters.
• BELC Board meeting; 10:00 a.m.  To view the meeting notice, click here.  To view the agenda, click here.
• FSLSO meeting; 10:00 a.m.  A meeting of either the FSLSO Board of Governors or National Clearinghouse Committee is scheduled.  To view the meeting notice, click here.
• FHCF Advisory Council; 1:30 p.m. to 5:00 p.m.  Meeting to obtain approval for the 2012 FHCF Contract Year Premium Formula, file Rule 19-8.028, F.A.C. (Reimbursement Premium Formula) for Notice of Proposed Rule, and to file this Rule for adoption if no member of the public makes a timely request for a rule hearing.  To view the meeting notice, click here.  To view the agenda, click here.
  • An additional Advisory Council meeting will be held March 29, 2012, if deemed necessary during the March 22 meeting.

 

LOOKING AHEAD

Monday, March 26

• Florida Workers’ Compensation Insurance Guaranty Association (“FWCIGA”) Audit Committee meeting; 9:00 a.m.  To view the meeting notice, click here.
• FWCIGA Board of Directors meeting; 10:00 a.m.  To view the meeting notice, click here.

Tuesday, March 27

• FSLSO meeting; 10:00 a.m.  A meeting of either the FSLSO Board of Governors or National Clearinghouse Committee is scheduled.  To view the meeting notice, click here.

Wednesday, March 28

• Florida Division of Workers’ Compensation Rule Development Workshop; 10:00 a.m.  Proposed amendments to Rule 69L-6.019, entitled “Policies and Endorsements Covering Employees Engaged in Work in Florida,” would provide a two-day period for an out-of-state employer and its workers’ compensation carrier to establish that the employer holds a properly endorsed Florida workers’ compensation policy.  To view the hearing notice, click here.

Thursday, March 29

• Florida Office of Insurance Regulation (“OIR”) Public Rate Hearing; 9:00 a.m.  Amica Mutual Insurance Company has requested a 24.4 percent overall rate increase for its homeowners line of coverage.  The proposed rate increase would be effective May 1, 2012 for new business and renewal business and is not uniform.  To view the hearing notice, click here.
• Florida Agency for Health Care Administration State Consumer Health Information and Policy Advisory Council meeting; 10:00 a.m. to 2:00 p.m.  To view the meeting notice, click here.
• FSLSO meeting; 10:00 a.m.  A meeting of either the FSLSO Board of Governors or National Clearinghouse Committee is scheduled.  To view the meeting notice, click here.

Friday, March 30

• Florida Self-Insurers Guaranty Association Board of Directors meeting; 10:00 a.m.  Teleconference: (866) 866-2244; conference code: 7903005.
• Federal Advisory Committee on Insurance meeting; 1:00 p.m.  Discussion on anticipated Federal Insurance Office report on how to modernize and improve insurance regulation.  To view the meeting notice, click here.

 Tuesday, April 10

• Florida Insurance Guaranty Association (“FIGA”) Board of Directors meeting; Tampa.  A FIGA Finance and Audit Committee meeting is also scheduled.  To view the meeting notice, click here. 

Tuesday, April 17

• OIR Rule Development Workshop; 9:30 a.m.  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.  To view the Workshop notice, click here.

Wednesday, April 18

• BELC Board meeting; 8:30 a.m.  Teleconference:  (888)-808-6959; conference code: 9226020.  To view the meeting notice, click here.

Thursday, April 19

• OIR Public Rate Hearing:  Cypress Property and Casualty Company; 1:00 p.m.  Additional information is forthcoming.

Tuesday, April 24

 

Florida Cabinet meeting; 9:00 a.m.

• OIR 
  • For final adoption
    • In Sections 634.011(7) and 634.041(12), F.S., the Legislature created a new category of Motor Vehicle Service Agreement Companies called “Motor Vehicle Manufacturers.”  The purpose was to eliminate certain regulatory requirements for these large corporations under certain circumstances.  Proposed amendments to Rules 69O-200.004,.005,.006,.009,.014,.015 address the legislative mandate to modify the Rules and forms to incorporate this new category.
    • Section 627.062(6), F.S. granted insurers the right to arbitrate rate filing disputes with the OIR, as well as granted the Financial Services Commission the authority to adopt the referenced Rules regarding
    • arbitration of rate filings.  The law has been amended to remove the provision for arbitration.  Therefore these rules are no longer relevant, nor does the OIR any longer have authority for such Rules. Consequently, these rules need to be repealed. 
  • 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.
  • Amendments to Rule 69O-137.001 would adopt the 2011 NAIC Quarterly Statement Instructions and the 2011 NAIC Accounting Practices and Procedures Manual.

Thursday, April 26

• Citizens Property Insurance Corporation Board of Governors meeting.  Additional information is forthcoming.

Sunday, May 13 to Friday, May 18

• 26th Annual Florida Governor’s Hurricane Conference.  For registration information, click here.

 

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

 

 

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