Florida Insurance Calendar: October 24 – 28

Oct 21, 2011

 

Following is a listing of insurance-related Florida legislative and regulatory events for the week of October 24-28, 2011:

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

 

FLORIDA INSURANCE LEGISLATIVE EVENTS

 

Monday, October 24 – Friday, October 28

  • No insurance-related legislative events are scheduled.

 

LOOKING AHEAD

 

Tuesday, November 1

  • Senate Committee on Banking and Insurance; 10:30 a.m.
  • Senate Committee on Transportation; 10:30 a.m.
    • SB 196 relating to Child Safety Devices in Motor Vehicles by Senator Thad Altman
    • SB 244 relating to Motor Vehicles by Senator Mike Bennett
    • SB 286 relating to Vehicle Crashes Resulting in Personal Injury by Senator Mike Fasano

 

 

FLORIDA INSURANCE REGULATORY EVENTS

  

Tuesday, October 25

  • Florida Surplus Lines Service Office (“FSLSO”) National Clearinghouse Committee meeting; 10:00 a.m.  Agenda includes issues pertaining to the proposed national surplus lines tax clearinghouse.  To view the meeting notice, click here.
  • Florida Automobile Joint Underwriting Association Board meeting; 11:30 a.m.  Agenda includes discussion of the Servicing Provider Agreement.  Teleconference:  877-826-6967; conference code:  2867636526#.  To view the meeting notice, click here.
  • U.S. House Committee on Financial Services Hearing:  “Insurance Oversight: Policy Implications for U.S. Consumers, Businesses and Jobs, Part 2″; 2:00 p.m.  Agenda includes testimony from Federal Insurance Office Director Michael McRaith.

Wednesday, October 26

  • FSLSO Compensation Committee meeting; 8:30 a.m.  To view the meeting notice, click here.
  • FSLSO Board of Governors Quarterly Business meeting; 9:00 a.m.  To view the meeting notice, click here.
  • Florida Department of Revenue Proposed Rule Hearing; 10:00 a.m. 
    • Proposed amendments to Rule Chapter 12B-8, “Insurance Premium Taxes, Fees and Surcharges”, would update statutory and Rule references, remove unnecessary effective dates, remove provisions regarding the emergency excise tax repealed effective January 1, 2012 by Section 22, Chapter 2011-76, L.O.F., and provide technical changes.  To view the hearing notice, click here.
      • 12B-8.001: Premium Tax; Rate and Computation
      • 12B-8.0012: Insurance Policy Surcharge; Rate and Computation
      • 12B-8.003: Tax Statement; Overpayments
      • 12B-8.006: State Fire Marshal Regulatory Assessment and Surcharge; Levy and Amount
      • 12B-8.007: Deposit of Certain Tax Receipts; Refund of Improper Payments
      • 12B-8.016: Retaliatory Provisions
    • Proposed amendments to the Rules below would incorporate changes in Chapter 2011-123, L.O.F., which extends the period for which tax credits authorized under the Florida Tax Credit Scholarship Program may be taken from three years to five years; eliminates the 75 percent limitation on the corporate income tax and insurance premium tax credits; and allows taxpayers who have previously rescinded a tax credit more than once to obtain approval to rescind an outstanding tax credit.  To view the hearing notice, click here.
      • 12-29.002: Florida Tax Credit Scholarship Program; Participation; Allocation; Carryforward; Rescindment
      • 12-29.003: Florida Tax Credit Scholarship Program; Applications

Thursday, October 27

  • FSLSO National Clearinghouse Committee meeting; 10:00 a.m.  Agenda includes issues pertaining to the proposed national surplus lines tax clearinghouse.  To view the meeting notice, click here.

 

LOOKING AHEAD

 

Tuesday, November 1

  • Florida Cabinet meeting; 9:00 a.m.  Complete agenda is forthcoming.
    • State Board of Administration
      • Appoint person(s) to serve on the Florida Hurricane Catastrophe Fund Advisory Council

Monday, November 7

  • Florida Division of Insurance Agent and Agency Services (“IAAS”) Proposed Rule Hearing; 10:00 a.m.  The Rules below are being repealed because they are duplicative of Rules 69O-175.006, 69O-175.008, and 69O-175.010.  To view the hearing notice, click here.
    • 69B-175.006:  Unfair Discrimination in Private Passenger Motor Vehicle Insurance Rates – Allocation of Administrative Expenses
    • 69B-175.008:  Unfair Discrimination in Private Passenger Motor Vehicle Insurance Rates – Based on History of Accidents
    • 69B-175.010:  Unfair Discrimination in Private Passenger Motor Vehicle Insurance – Based on Age
  • IAAS Proposed Rule Hearing; 11:00 a.m. The Rule below is being repealed because it is obsolete. To view the hearing notice, click here.

Monday, November 14

  • Florida Office of Insurance Regulation (“OIR”) Proposed Rule Hearing; 10:00 a.m.  The Rules below are being repealed since they are duplicative of Rules 69O-166.021 and 69O-166.024, respectively.  To view the hearing notice, click here.
    • 69B-166.021: Definitions
    • 69B-166.024:  Failure to Acknowledge Communications and Act Promptly as to Communications with Respect to Claims and to Implement Standards for the Prompt Investigation of Claims
  • Citizens Property Insurance Corporation (“Citizens”) Board of Governors meeting.  Additional information is forthcoming.

Tuesday, November 15

  • IAAS Proposed Rule Hearing; 10:00 a.m. The Rules below pertaining to long-term care insurance are being repealed since they are duplicative of their correspondingly numbered Rule in Chapter 69O-157. To view the hearing notice, click here.

Wednesday, November 16

  • Florida Self-Insurers Guaranty Association Board of Directors Annual meeting; 12:00 p.m.
  • Florida Division of Workers’ Compensation (“DWC”) Three-Member Panel meeting; 1:00 p.m. to 3:00 p.m.  Agenda includes discussion of potential reform for various DWC responsibilities, follow-up on recommendations provided to the Legislature in the 2011 Three-Member Panel Biennial Report, an update on DWC initiatives relating to the recently enacted pill mill legislation and consideration of an update to the uniform schedule of maximum reimbursement allowances for Ambulatory Surgical Centers.  To view the meeting notice, click here. 

Thursday, November 17

  • 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.
  • Florida Board of Employee Leasing Companies Meeting.  Further information is forthcoming.

 Friday, November 18

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

Tuesday, November 29

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

Wednesday, November 30

  • FWCJUA Executive Compensation Committee meeting; 11:00 a.m.  To view the meeting notice, click here.  To view the agenda, click here.
  • FWCJUA Reinsurance Committee; 2:00 p.m.  To view the meeting notice, click here.  To view the agenda, click here.
  • Florida Insurance Guaranty Association (“FIGA”) Finance and Audit Committee meeting.  Tampa, Florida.

Thursday, December 1

  • FIGA Board of Directors meeting.  Tampa, Florida.

Tuesday, December 6

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

Wednesday, December 7

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

Wednesday, December 14

  • Citizens Board of Governors meeting; 9:00 a.m.  Teleconference:  888-942-8686; conference code:  8419204389.  To view the meeting notice, click here.

Wednesday, December 21

  • BELC Meeting. Further information is forthcoming.

 

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

 

 

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