Florida Insurance Calendar: May 2 – 6

 

Following is a listing of insurance-related Florida legislative and regulatory events for the week of May 2-6, 2011:

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

 

FLORIDA INSURANCE LEGISLATIVE EVENTS

 

2011 Florida Regular Legislative Session:  Week 9 (May 2-6) 

• To view the Senate weekly block calendar, click here.
• To view the House weekly block calendar, click here.

 

Friday, May 6

• Last day of 2011 Regular Session

 

FLORIDA INSURANCE REGULATORY EVENTS

 

Tuesday, May 3

• Florida Cabinet meeting; 9:00 a.m.  To view the agenda, click here.
  • Florida Department of Revenue (To view the agenda, click here.)
    • Request for approval and adoption of the following proposed Rules:
      • 12-29.001:  Scope
      • 12-29.002:  Florida Tax Credit Scholarship Program, Participation, Allocation, Carryforward, Rescindment
      • 12-29.003:  Florida Tax Credit Scholarship Program, Application
  • State Board of Administration (To view the agenda, click here.) 
    • Request for approval of the 2011/2012 Florida Hurricane Catastrophe Fund (“FHCF”) Premium Formula and the Proposed 2011/2012 FHCF Rates
    • Request for approval to authorize the FHCF to file a Notice of Proposed Rulemaking for Rule 19-8.028, “Reimbursement Premium Formula,” and to authorize filing it for adoption if no member of the public requests a rule hearing
    • Request for approval to repeal the following obsolete FHCF Rules:
      • 19-8.015: Definitions Applicable to the 1995-1996 Contract Year
      • 19-8.016: 1995 Reimbursement Premium Formula
      • 19-8.017: Insurer Reporting Requirements for the 1995-1996 Contract Year
      • 19-8.018: Definitions Applicable to the 1996-1997 Contract Year
      • 19-8.019: 1996 Reimbursement Premium Formula
      • 19-8.020: Insurer Reporting Requirements for the 1996-1997 Contract Year
      • 19-8.021: Definitions Applicable to the 1997-1998 Contract Year
      • 19-8.022: 1997 Reimbursement Premium Formula
      • 19-8.023: Insurer Reporting Requirements for the 1997-1998 Contract Year.
      • 19-8.024: Definitions Applicable to the 1998-1999 Contract Year
      • 19-8.025: 1998 Reimbursement Premium Formula
      • 19-8.026: Insurer Reporting Requirements for the 1998-1999 Contract Year
      • 19-8.027: Definitions Applicable to the 1999-2000 Contract Year

Thursday, May 5

• Florida Surplus Lines Service Office (“FSLSO”) National Clearinghouse Committee meeting; 10:00 a.m.  The Committee will discuss issues pertaining to the proposed national surplus lines tax clearinghouse.  To view the meeting notice, click here.
• Florida Workers’ Compensation Joint Underwriting Association (“FWCJUA”) Audit Committee meeting; 10:00 a.m.  To view the meeting notice, click here.  To view the agenda, click here.

Friday, May 6

• FHCF Rule Development Workshop; 9:00 a.m.  Proposed amendments to Rule 19-8.029, “Insurer Reporting Requirements,” and Rule 19-8.030, “Insurer Responsibilities” for the 2011/2012 FHCF Contract Year.  To view the hearing notice, click here.

 

LOOKING AHEAD

 

Tuesday, May 10

• FSLSO National Clearinghouse Committee meeting; 10:00 a.m.  The Committee will discuss issues pertaining to the proposed national surplus lines tax clearinghouse.  To view the meeting notice, click here.
• Citizens Property Insurance Corporation (“Citizens”) Audit Committee meeting; 11:00 a.m.  Teleconference:  877-865-3965.  To view the meeting notice, click here.
• Florida Department of Financial Services Division of Agents and Agency Services Rule Development Workshop; 2:00 p.m.  Proposed repeal of subsection (5)(d) of Rule 69B-220.201, relating to public insurance adjuster ethical requirements, because it is superseded by the enactment of Section 626.854(11), F.S.

Wednesday, May 11

• Citizens Finance and Investment Committee meeting; 1:00 p.m.  Teleconference:  877-866-3074.  Agenda includes discussion of pre-event liquidity financing.  To view the meeting notice, click here.
• Citizens Board of Governors meeting; 2:00 p.m.  Teleconference:  877-865-3522.  To view the meeting notice, click here.

Thursday, May 12

• FSLSO National Clearinghouse Committee meeting; 10:00 a.m.  The Committee will discuss issues pertaining to the proposed national surplus lines tax clearinghouse.  To view the meeting notice, click here.
• Florida Office of Insurance Regulation (“OIR”) Public Rate Hearing:  Fidelity National Property and Casualty Insurance Company; 1:00 p.m.  To view the meeting notice, click here.  To view the agenda, click here. 

Sunday, May 15

• Florida Governor’s 2011 Hurricane Conference; May 15-20.  For additional information, click here.

Tuesday, May 17

• Florida Cabinet; 9:00 a.m.
  • OIR
    • For publication:
      • Proposed Rule 69O-138.047:  Description of Actuarial Memorandum Including an Asset Adequacy Analysis and Regulatory Asset Adequacy Issues Summary
      • Proposed Rule 69O-162.203:  Adoption of 2001 Commissioners Standard Ordinary (CSO) Preferred Mortality Tables for Determining Reserve Liabilities for Ordinary Life Insurance
      • Proposed Rule 69O-164.020:  Valuation of Life Insurance Policies
• FSLSO National Clearinghouse Committee meeting; 10:00 a.m.  The Committee will discuss issues pertaining to the proposed national surplus lines tax clearinghouse.  To view the meeting notice, click here.

Wednesday, May 18

• Florida Board of Employee Leasing Companies (“BELC”) Board of Directors Meeting.  Additional information is forthcoming.

Thursday, May 19

• OIR Hearing on the life insurance industry’s policies, practices and procedures; 9:30 a.m. To view the meeting notice, click here. To view the agenda, click here.
• FSLSO National Clearinghouse Committee meeting; 10:00 a.m. The Committee will discuss issues pertaining to the proposed national surplus lines tax clearinghouse. To view the meeting notice, click here.

Friday, May 20

• FWCJUA Investment Committee meeting; 10:00 a.m.  To view the meeting notice, click here.  To view the agenda, click here.

Tuesday, May 24

• FHCF 2011 Participating Insurers Workshop; May 24-25.  To access registration information, click here.

Friday, May 27

• FWCJUA Joint and Concurrent Operations and Rates and Forms Committee meeting; 10:00 a.m.  To view the meeting notice, click here.

Tuesday, June 7

• FWCJUA Board of Governors meeting; 10:00 a.m. To view the meeting notice, click here.

Tuesday, June 14

• OIR Proposed Rule Hearing; 9:30 a.m.  To view the Hearing notice, click here.
  • 69O-137.001:  Annual and Quarterly Reporting Requirements
  • 69O-138.001:  NAIC Financial Examiners Handbook Adopted

Wednesday, June 15

• BELC Board of Directors Meeting; Additional information is forthcoming.
• Florida Self-Insurers Guaranty Association Board of Directors meeting; 2:30 p.m.

 

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

 

 

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