Florida Insurance Calendar: May 7 – 11

 

Following is a listing of Florida insurance-related regulatory events for the week of May 7-11, 2012:

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

 

FLORIDA INSURANCE REGULATORY EVENTS

 

Tuesday, May 8

• Florida Office of Insurance Regulation (“OIR”) Rule Development Workshop; 9:30 a.m.  Proposed amendments to Rule 69O-149.022 would update and edit the contents of the forms and instructions used by life and health insurers to make electronic form filings via the OIR’s I-File system.  To view the hearing notice, click here.
• Citizens Property Insurance Corporation (“Citizens”) Board of Governors meeting; 10:00 a.m. to 11:00 a.m.  Teleconference:  (888) 942-8686; participant code:  574373657#.  To view the meeting notice, click here.

Wednesday, May 9

• U.S. Senate Banking, Housing and Urban Affairs Subcommittee on Economic Policy Hearing:  “The National Flood Insurance Program:  The Need for Long-Term Reauthorization and Reform.” 10:00 a.m. to 12:00 p.m.  To view the hearing notice, click here.

Thursday, May 10

• Florida Hurricane Catastrophe Fund (“FHCF”) Advisory Council meeting; 1:30 p.m.  Agenda includes discussion of May 2012 FHCF claims-paying capacity estimates.  Teleconference:  (888) 808-6959; conference code:  4765251363.  To view the meeting notice, click here.

 

LOOKING AHEAD

 

Sunday, May 13 to Friday, May 18

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

Monday, May 14

• Florida Division of Insurance Agents and Agency Services (“IAAS”) Proposed Rule Hearing; 10:00 a.m.  Proposed amendments would update Rule Chapter 69B-213, F.A.C., which relates to customer representatives, to conform with current statutory provisions in the Florida Insurance Code.  To view the hearing notice, click here.
• State Board of Administration Audit Committee meeting; 10:00 a.m. to 12:00 p.m.  To view the meeting notice, click here.

Tuesday, May 15 to Wednesday, May 16

• FHCF 12th Annual Participating Insurers Workshop; 9:00 a.m. to 5:00 p.m.  Orlando, Florida.  For registration information, click here.  To view the agenda, click here.

Wednesday, May 16

• Florida Board of Employee Leasing Companies (“BELC”) Board Meeting; 1:00 p.m.  Sarasota, Florida.  To view the meeting notice, click here.

Thursday, May 17

• Citizens Property Insurance Corporation Actuarial and Underwriting Committee meeting; 10:00 a.m.  Teleconference:  (866)361-7525; conference code:  8632017402#.  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.
• BELC Board Meeting; 10:00 a.m.  Sarasota, Florida.  To view the meeting notice, click here.

Thursday, May 24

• FWCJUA Investment Committee meeting; 9:00 a.m.  To view the meeting notice, click here.  To view the agenda, click here.

Tuesday, May 29

• FHCF Proposed Rule Hearing; 9:00 a.m.  Proposed amendments to Rule 19-8.028 would adopt the 2012-2013 FHCF Reimbursement Premium Formula and 2012-2013 FHCF Reimbursement Premium Rates.  In addition, obsolete language has been removed and in paragraph (4)(d) of the proposed Rule, the title has been clarified and new language has been added to allow scheduled personal property with a limit equal to or exceeding $10 million dollars and which predominantly covers one or more collectible types of property to be exempt from the FHCF coverage.  To view the hearing notice, click here.
• FWCJUA Rates and Forms Committee meeting; 1:00 p.m.  To view the meeting notice, click here.  To view the agenda, click here.
• Florida Division of Driver Licenses Proposed Rule Hearing; 2:00 p.m.  Proposed repeal of Rule 15A-3.009, which requires every insurer issuing a binder in Florida, or to a Florida resident, providing automobile Personal Injury Protection insurance and property damage liability coverage to furnish a standard binder for the purpose of vehicle registration to the named insured.  To view the hearing notice, click here.

Wednesday, May 30

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

Tuesday, June 5

• IAAS Proposed Rule Hearing; 9:30 a.m.  Proposed amendments to Rule 69B-211.004, F.A.C. would update statutory references in the definition section and revise several definitions. Further, the amendments would clarify the renewal fees and filing deadlines for appointments as an agent, customer representative, adjuster, service representative, managing general agent, title insurance agent, sales representative, reinsurance intermediary or bail bond agent. The Florida Department of Financial Services’ notification procedures to holders of the above-referenced appointees relative to the appointment renewal process would also be amended. 

Thursday, June 7

• Citizens Board of Governors meeting.  Additional information is forthcoming.

Wednesday, June 13

• IAAS Proposed Rule Hearing; 9:30 a.m.  In the 2011 Legislative Session, Section 626.207, F.S. was amended to change the way that the criminal history of an applicant affects an application for insurance agent licensure. Proposed amendments would conform Rules 69B-211.041 and 69B-211.042, entitled “Effect of Law Enforcement Records on Applications for Licensure,” to the revised statute.
• FWCJUA Board of Governors meeting; 10:00 a.m.  To view the meeting notice, click here.

Thursday, June 14

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

Tuesday, June 19

• Florida Workers’ Compensation Insurance Guaranty Association Board of Directors meeting. Orlando, Florida.

Wednesday, June 20

• BELC Board Meeting; 10:00 a.m.  Teleconference:  888-808-6959; conference code:  9226020.  To view the meeting notice, click here.

Tuesday, June 26

• Florida Cabinet meeting; 9:00 a.m.
  • OIR
    • For final adoption
      • In Sections 634.011(7) and 634.041(12), F.S., the Florida 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, Rule Chapter 69O-170 Part IV, F.A.C., is no longer relevant, nor does the OIR any longer have authority for such Rules. Consequently, this Chapter needs to be repealed.
    • For publication
      • 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 National Association of Insurance Commissioners (“NAIC”) Accounting Practices and Procedures Manual.

 Wednesday, July 25

• BELC Board Meeting; 10:00 a.m.  Teleconference:  888-808-6959; conference code:  9226020.  To view the meeting notice, click here.
• Florida Surplus Lines Service Office Board of Governors Quarterly Business Meeting; 1:00 p.m.  St. Petersburg, Florida.  To view the meeting notice, click here.

 

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