Florida Insurance Calendar: March 26-30

 

Following is a listing of insurance-related Florida regulatory events for the week of March 26-30, 2012:

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

 

FLORIDA INSURANCE REGULATORY EVENTS

 

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

• 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 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 Hurricane Catastrophe Fund (“FHCF”) Advisory Council meeting, 10:30 a.m. – 12:00 p.m.  State Board of Administration (Hermitage Conference Room, Room 116, 1801 Hermitage Blvd, Tallahassee).  Call-in:  1(888)808-6959; Conference code 4765251363
• 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.

Thursday, April 5

• Citizens Property Insurance Corporation (“Citizens”) Market Accountability Advisory Committee Teleconference; 3:00 p.m.-4:00 p.m.  Call-in:  1-866-361-7525  Conference ID 7849939192#

Tuesday, April 10

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

Thursday, April 12

• Citizens Actuarial and Underwriting Committee meeting; 1:00 p.m.  Conference Call: (866)361-7525, Participant Code: 8632017402#.  To view the meeting notice, click here.

Monday, April 16

• FSLSO Audit Committee meeting; 11:30 a.m.  FSLSO Offices (1441 Maclay Commerce Drive, Suite 200, Tallahassee)
• FSLSO Board of Governors meeting; 1:00 p.m.  FSLSO Offices 

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.
• FSLSO Association meeting; 9:00 a.m.  FSLSO Offices 

Wednesday, April 18

• Board of Employee Leasing Companies 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 Board of Governors meeting; 9:00 a.m. – 12:00 p.m.  Tampa Airport Marriott Hotel.

Monday, April 30 (Rescheduled from March 30)

• Florida Department of Economic Opportunity, Division of Community Development workshop on hurricane evacuation modeling in the Florida Keys; 10:00 a.m. – 4:00 p.m.  To view the meeting notice, click here.
  
  

Sunday, May 13 to Friday, May 18

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

Thursday, June 14

• OIR 2012 Industry Conference, Tallahassee.  “Successful Strategies for Business Development.”  Registration opens April 13.  For more information, click here.

 

 

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

 

 

Click here to follow Colodny Fass on Twitter (@CFTLAWcom)

 

 

 

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