Florida Insurance Calendar: October 7 – 11

 

Following is a listing of Florida insurance-related legislative and regulatory events for the week of October 7-11, 2013:

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

 

FLORIDA INSURANCE LEGISLATIVE EVENTS

 

2013-2014 Florida Legislative Interim Committee Meetings

 

Tuesday, October 8

• Florida Senate Committee on Banking and Insurance; 1:30 p.m. to 3:30 p.m.  To view the agenda, click here.
  • Presentations on the National Flood Insurance Program
  • Citizens Property Insurance Corporation (“Citizens”) presentation on commercial rating issues and coverage of out-of-state residents
• Florida House Insurance and Banking Subcommittee; 3:30 p.m. to 5:30 p.m.  To view the agenda, click here.
  • Citizens presentation on non-catastrophic loss experience and coverage issues

Wednesday, October 9

• U.S. House Committee on Transportation and Infrastructure; “How Autonomous Vehicles Will Shape the Future of Surface Transportation, Highways and Transit;” 10:00 a.m., Washington, D.C.

 

FLORIDA INSURANCE REGULATORY EVENTS

  

Wednesday, October 9

• Florida Office of Insurance Regulation (“OIR”) Public Rate Hearing:  State Farm Florida Insurance Company (“State Farm”); 9:00 a.m.  State Farm has requested an average statewide rate increase of 35.1 percent for its rental dwelling program.  This would result in an average premium effect of 25.6 percent.  The difference between the rate change and the premium effect is because the company has also requested the elimination of all flat deductibles and create minimum deductibles of 2 percent for hurricane and 1 percent for all other perils.  To view the hearing notice, click here.  To view the agenda, click here.
• Florida Surplus Lines Service Office (“FSLSO”) Budget Committee meeting; 2:00 p.m. Tallahassee, Florida.  Discussion of 2014 FSLSO budget proposal.  To view the meeting notice, click here.

Thursday, October 10

• Florida Cabinet meeting; 9:00 a.m.  To view the complete agenda, click here.
  • OIR agenda
    • Approval for the OIR to contract (to be selected by October 7) to conduct the Workers’ Compensation Peer Review
    • Citizens’ proposed amendments to its Plan of Operation
    • Citizens’ updated Assessment Awareness Survey results
• FSLSO Board of Governors meeting; 9:00 a.m.  Tallahassee, Florida.  To view the meeting notice, click here.

 

LOOKING AHEAD

 

Tuesday, October 15

• OIR hearing:  National Mortgage Insurance Corporation (“NMIC”); 10:00 a.m.  Tallahassee, Florida.  Consideration of NMIC’s application for a Certificate of Authority as a property and casualty insurance company writing mortgage guaranty insurance.  To view the hearing notice, click here.

Wednesday, October 16

• Florida Board of Employee Leasing Companies (“BELC”) Board meeting; 10:00 a.m.  Teleconference:  888-670-3525; conference code:  7489217568#.  To view the meeting notice, click here.

Friday, October 18

• Florida Department of Financial Services (“DFS”) Division of Consumer Services Rule Development Workshop; 10:00 a.m.  Proposed amendments to Rules 69J-166.002 and 69J-166.031 relating to mediation of residential and commercial residential property insurance claims would incorporate changes made by Chapter 2012-151, Laws of Florida, and the opinion of the Third District Court of Appeal in Fernando Subirats v. Fidelity National Property, 106 So. 3d 997 (Fla. 3^rd DCA 2013).  To view the workshop notice, click here.

Monday, October 21

• DFS Division of Insurance Fraud (“DIF”) Proposed Rule Hearing on proposed Chapter: 69D-3 “Auto Insurance Strike Force.”  9:30 a.m.  Section 626.9895, F.S. authorizes the DIF to establish a direct-support organization to support the prosecution, investigation and prevention of motor vehicle insurance fraud.  The DFS is also required to adopt rules prescribing the procedures by which the Auto Insurance Strike Force is governed and any conditions with which it must comply to use DFS property.  To view the Hearing notice and full text of the proposed Rules below, click here.
  • 69D-3.001:  Definitions
  • 69D-3.002:  Governance of Organization
  • 69D-3.003:  Use of Division Property or Facilities

Friday, October 25

• OIR hearing; 10:00 a.m.  The Florida Legislature has directed the OIR to “review Florida law and regulations to determine whether there are adequate protections for purchasers of life insurance policies in the secondary life insurance market to ensure that this market continues to exist for Florida seniors.”  The OIR must issue a report to the Legislature on its findings by December 1, 2013.  To view the hearing notice, click here.

Wednesday, November 13

• Florida Workers’ Compensation Joint Underwriting Association (“FWCJUA”) Investment Committee meeting; 10:00 a.m.  To view the meeting notice, click here.
• BELC Board meeting; 11:00 a.m.  St. Augustine, Florida.  To view the meeting notice, click here.

Thursday, November 14

• BELC Board meeting; 9:00 a.m.  St. Augustine, Florida.  To view the meeting notice, click here.
• FWCJUA Audit Committee meeting; 10:00 a.m.  To view the meeting notice, click here.

Wednesday, December 18

• BELC Board meeting; 10:00 a.m.  Teleconference:  888-670-3525; conference code:  7489217568#.  To view the meeting notice, click here.

 

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