Florida Insurance Calendar: October 3-7

Sep 30, 2011

 

Following is a listing of insurance-related Florida legislative and regulatory events for the week of October 3-7, 2011:

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

 

FLORIDA INSURANCE LEGISLATIVE EVENTS

 

Tuesday, October 4

  • Senate Committee on Banking and Insurance; 2:00 p.m. to 4:00 p.m.
    • SB 140 relating to Repeal of a Workers’ Compensation Reporting Requirement by Senator Mike Bennett
    • Issue Brief 2012-226:  Citizens Property Insurance
      • Presentation by Citizens Property Insurance Corporation (“Citizens”)
    • Issue Brief 2012-203:  Personal Injury Protection
      • Presentation by Florida Office of Insurance Regulation (“OIR”) 

 

FLORIDA INSURANCE REGULATORY EVENTS

      

Monday, October 3

  • Citizens Board of Governors Workshop; 2:00 p.m. to 4:00 p.m.  Teleconference:  888-942-8686; conference code:  8419204389.  To view the workshop notice, click here.

Tuesday, October 4

  • 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.

Thursday, October 6

  • 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 Department of Financial Services (“DFS”) Money Service Workers’ Compensation Fraud Work Group meeting; 2:00 p.m. to 5:00 p.m.  To view the meeting notice, click here.

 

LOOKING AHEAD

 

Monday, October 10

  • Florida Insurance Consumer Advocate Personal Injury Protection Working Group meeting; 9:00 a.m. to 4:00 p.m.  To view the meeting notice, click here. 

Tuesday, October 11

  • OIR Public Rate Hearing:  National Council on Compensation Insurance; 9:00 a.m.  To view the hearing notice, click here. 
  • 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.
  • Surplus Lines Insurance Multi-State Compliance Compact (“SLIMPACT”) Commission meeting; 2:00 p.m.  Webinar venue.  Agenda includes proposed by-law amendments and various start-up items.
  • Auto Insurance Fraud Summit (Miami, Florida); 6:30 p.m. to 8:30 p.m.  Public forum on automobile insurance fraud.  Expected to attend are representatives of Florida Chief Financial Officer Jeff Atwater’s office, the OIR, National Insurance Crime Bureau and Florida legislators.

Wednesday, October 12

  • Citizens Board of Governors meeting; 1:00 p.m. to 5:00 p.m.  Teleconference:  888-942-8686; conference code:  8419204389.  To view the meeting notice, click here.

Thursday, October 13

  • Florida Workers’ Compensation Appeals Board public meeting; 9:00 a.m.  To view the meeting notice, click here. 
  • 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.

Friday, October 14

  • Florida Division of Workers’ Compensation (“DWC”) Proposed Rule Hearing; 2:00 p.m.  To view the hearing notice, click here.
    • 69L-5.205:  Loss Data Reporting
      • Proposed amendments would clarify that former self-insurers must report loss data for the final period of authorization only once.
    • 69L-5.217:  Civil Penalties and Fines
      • Proposed amendments would reduce penalties assessed against a self-insurer for late filing of required forms, reports and documents, and also recalculate penalties previously assessed against a self-insurer.  If a self-insurer has already paid the penalty to the DFS, the difference between the penalty paid and the new reduced penalty will be refunded, unless the self-insurer owes any outstanding, unpaid penalties to the DFS.

Monday, October 17

  • Florida Division of Insurance Agents and Agency Services (“IAAS”) Proposed Rule Hearing; 10:00 a.m. Rule 69B-156.119, entitled “Application in Advertisement,” is being repealed because it is obsolete.  Rules 69B-156.120 and 69B-156.121, entitled “Enforcement Procedures” and “Filing for Review,” are being repealed because they are duplicative of Rules 69O-156.120 and 69O-156.121, respectively.  To view the hearing notice, click here.
  • IAAS Proposed Rule Hearing; 11:00 a.m.  To view the hearing notice, click here.  The following Rules are being repealed because they are obsolete:
    • 69B-177.001:  Salesmen Not to Imply Club is Insurance Company
    • 69B-177.002:  Persons Not Authorized to Solicit or Sell Insurance Unless Licensed as Insurance Agent

Tuesday, October 18

  • 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.
  • IAAS Proposed Rule Hearing relating to bail bonds; 10:30 a.m. 
    • Rule 69B-221.105: Premium Charge Only Permitted. To view the hearing notice, click here.
    • Rule 69B-221.100: Terms and Conditions of Contract; Surrender Form. To view the hearing notice, click here.
  • Florida Hurricane Catastrophe Fund Advisory Council meeting; 1:00 p.m.  Agenda includes discussion of October claims-paying capacity estimates and general business.  To view the meeting notice, click here.

Wednesday, October 19

  • Florida Commission on Hurricane Loss Projection Methodology (“FCHLPM”) meeting: 9:00 a.m. to 4:00 p.m.  Adoption of 2011 Standards of Acceptability and Report of Activities.  Teleconference:  888-808-6959; conference code:  4765251363.  To view the meeting notice, click here.
  • DWC Rule Development Workshop; 9:30 a.m.  Proposed amendments to Rule 69L-5.201 would allow an affiliated self-insurer structure and utilization of the financial strength of a parent company for purposes of providing a parental guaranty for affiliated self-insurers under Rule 69L-5.215, where the parent company could, but elects to not hold the self-insurance authorization.  To view the hearing notice, click here.
  • Florida Board of Employee Leasing Companies (“BELC”) Board Meeting; 10:00 a.m.  Teleconference:  888-808-6959; conference code:  9226020.  To view the meeting notice, click here.

Thursday, October 20

  • FCHLPM meeting: 9:00 a.m. to 4:00 p.m.  Continuation of discussion and consideration of adoption of 2011 Standards and Report of Activities.  Teleconference:  888-808-6959; conference code:  4765251363.  To view the meeting notice, click here.
  • 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.

Tuesday, October 25

  • 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.

Wednesday, October 26

  • 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 following Rules 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.

Wednesday, November 16

  • BELC Meeting.  Further information is forthcoming.

Thursday, November 17

  • Florida Workers’ Compensation Joint Underwriting Association (“FWCJUA”) Audit Committee meeting; 10:00 a.m.  To view the meeting notice, click here.

 Friday, November 18

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

Tuesday, December 6

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

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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