Florida Insurance Calendar: November 22 – 26

Following is a listing of insurance-related Florida regulatory events for the week of November 22-26, 2010:

All times are Eastern Time.  Additional information is available via hyperlink where noted in bold type.

 

FLORIDA INSURANCE REGULATORY EVENTS   

 

Monday, November 22

• Florida Self-Insurers Guaranty Association (“FSIGA”) Finance Committee meeting; 3:00 p.m.  Teleconference:  866-866-2244; conference code:  7903005

 

LOOKING AHEAD

 

Tuesday, November 30

• Citizens Property Insurance Corporation (“Citizens”) Information Systems Advisory Committee meeting; 1:30 p.m.  Teleconference:  866-765-5861.  To view the meeting notice, click here.
• Florida Workers’ Compensation Joint Underwriting Association (“FWCJUA”) Reinsurance Committee meeting; 11:00 a.m.  To view the agenda, click here.  To view the meeting notice, click here.
• FWCJUA (Joint Meeting) Executive Compensation, Operations, and Rates and Forms Committee meeting; 1:00 p.m.  To view the meeting notice, click here. 
• Florida Office of Insurance Regulation (“OIR”) Proposed Rule Hearing; 1:00 p.m.  Proposed Rules 69O-157.302,.303,.304, relating to long-term care insurance and new business rates, would be amended to include the new business rates effective for 2011.  To view the hearing notice, click here.
• Florida Insurance Guaranty Association (“FIGA”) Finance and Audit Committee meeting; 2:00 p.m.  To view the meeting notice, click here.

Wednesday, December 1

• OIR Proposed Rule Hearing; 9:30 a.m.   
  • Proposed Rule 69O-137.001, “Annual and Quarterly Reporting Requirements,” would adopt the 2010 NAIC Quarterly Statement Instructions and the 2010 NAIC Accounting Practices and Procedures Manual.  To view the Hearing notice, click here.
  • Proposed Rule 69O-138.001, “NAIC Financial Examiners Handbook Adopted,” would adopt the 2010 NAIC Financial Condition Examiners Handbook.  To view the Hearing notice, click here.
• FIGA Board of Directors meeting; 9:00 a.m.  To view the meeting notice, click here.

Thursday, December 2

• Citizens Claims Committee meeting; 10:00 a.m.  Teleconference:  888-302-3367.  To view the meeting notice, click here. 

Friday, December 3

• FSIGA Board of Directors Annual Meeting; 12:00 p.m.  To view the meeting notice, click here.

Tuesday, December 7

• Florida Cabinet
  • Florida Department of Financial Services (“DFS”)/OIR agenda:
    • For final adoption:  Proposed Rules 69M-236.001; .002; .003; .004; .005 relating to Florida’s Annual Residential Property Insurer Report Card.  To view the hearing notice, click here.  (NOTE: This item was rescheduled from the November 9 Cabinet meeting)
  • OIR agenda:
    • For final adoption:  Proposed Rules relating to the incorporation of a new category of Motor Vehicle Service Agreement Companies called “Motor Vehicle Manufacturers.” To view the hearing notice, click here.  (NOTE: This item was rescheduled from the November 9 Cabinet meeting)
    • For final adoption:  Proposed Rule 69O-138.047: Description of Actuarial Memorandum Including an Asset Adequacy Analysis and Regulatory Asset Adequacy Issues Summary. To view the proposed Rule text, click here.  To view the hearing notice, click here. (NOTE: This item was rescheduled from the November 9 Cabinet meeting)
      • This proposed Rule would add an additional requirement to the Regulatory Asset Adequacy Issues Summary as a result of changes to Rules 69O-162.203 and 69O-164.020.
    • For final adoption:  Proposed amendments to Rule 69O-149.303: Form and Marketing Standards.  Relates to the standard disclosure form required to be used in the Cover Florida Health Care Access Program.  To view the hearing notice, click here.  (NOTE: This item was rescheduled from the November 9 Cabinet meeting)
    • For final adoption:  Proposed Rule 69O-162.203: Adoption of 2001 Commissioners Standard Ordinary (CSO) Preferred Mortality Tables for Determining Reserve Liabilities for Ordinary Life Insurance.  To view the proposed Rule text, click here. To view the hearing notice, click here.  (NOTE:  This item was rescheduled from the November 9 Cabinet meeting) 
      • Rule amendments would explain the conditions for use of the preferred class structure mortality tables and permit use of the tables for policies issued prior to the adoption date of the original Rule
    • For final adoption:  Proposed Rule 69O-164.020: Valuation of Life Insurance Policies. To view the proposed Rule text, click here.  To view the hearing notice, click here.  (NOTE: This item was rescheduled from the November 9 Cabinet meeting) 
      • Rule amendments would reduce the minimum premium deficiency reserve requirement, subject to certain conditions ensuring adequacy of reserves
• FWCJUA Board of Governors meeting; 10:00 a.m.  To view the meeting notice, click here.
• OIR Public Rate Hearing:  First Home Insurance Company; 1:00 p.m.  Agenda forthcoming.  To view the hearing notice, click here.

Wednesday, December 8

• Florida Workers’ Compensation Insurance Guaranty Association (“FWCIGA”) Audit Committee meeting; 2:00 p.m.  To view the meeting notice, click here.

Thursday, December 9

• Citizens Actuarial and Underwriting Committee meeting; 1:00 p.m.  Teleconference:  866-631-2413
• FWCIGA Investment Committee meeting; 8:30 a.m.  To view the meeting notice, click here.
• FWCIGA Board of Governors meeting; 10:00 a.m.  To view the meeting notice, click here.

Monday, December 13

• DFS Division of Agents and Agency Services Rule Development Workshop; 10:00 a.m.  Proposed Rule 69B-162.011 would implement provisions of SB 2176 that relate to annuity policy cover pages.  To view the Workshop notice, click here.
• Florida Division of Workers’ Compensation Three-Member Panel meeting; 1:00 p.m. to 4:00 p.m.  Discussion of reimbursement methodology to determine usual and customary charges for hospital outpatient services, among other items.  To view the meeting notice and agenda, click here.

Tuesday, December 14

• Citizens Market Accountability Advisory Committee meeting; 11:30 a.m.  Teleconference:  866-526-0550 
• Citizens Audit Committee meeting; 2:30 p.m.  Teleconference:  877-260-2826
• Citizens Finance and Investment Committee meeting; 4:00 p.m.  Teleconference:  888-277-7951

Wednesday, December 15

• Florida Market Assistance Program (“FMAP”) Board of Directors meeting; 9:00 a.m.
  • Citizens Board of Governors meeting to immediately follow. Teleconference: 888-295-6211
• DFS Rule Development Workshop; 2:30 p.m.  Proposed amendment would revise Rule 69B-221.051 to advise bail bond agents and other interested persons that the Rule’s referenced forms can be obtained from the DFS Web site.  To view the Workshop notice, click here.

 

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

 

 

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