Florida Insurance Calendar: September 19 – 23

Sep 16, 2011

 

Following is a listing of insurance-related Florida legislative and regulatory events for the week of September 19-23, 2011:

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

 

FLORIDA INSURANCE LEGISLATIVE EVENTS

 

Monday, September 19

  • 2011-2012 Florida Legislative Interim Committee Meetings begin.

Tuesday, September 20

  • House Insurance and Banking Subcommittee; 1:30 p.m. to 3:30 p.m.
    • Presentations and discussion on reinsurance in the property insurance market 

Wednesday, September 21

  • Senate Committee on Banking and Insurance; 8:30 a.m. to 10:30 a.m.
    • Professional staff presentations of the following Open Government Sunset Reviews:
      • 2012-312:  Section 324.242, F.S., Personal Identifying Information in Insurance Policy Personal Injury Protection and Property Damage Liability Insurance Policies
      • 2012-313:  Section 624.23, F.S., Consumer Complaints and Inquiries Received by the Department of Financial Services
      • 2012-314:  Section 717.117 (8), F.S., Unclaimed or Abandoned Property
    • Presentation by Florida Commissioner of Financial Regulation Tom Grady
    • Presentation by Dr. Jack Nicholson, Chief Operating Officer of the Florida Hurricane Catastrophe Fund

 

 

FLORIDA INSURANCE REGULATORY EVENTS

   

Tuesday, September 20

  • Florida Cabinet meeting; 9:00 a.m.  To view the agenda, click here.
    • Florida Office of Insurance Regulation (“OIR”)
      • For final adoption
        • 69O-164.020: Valuation of Life Insurance Policies
          • Rule amendments would revise the National Association of Insurance Commissioners (“NAIC”) Model Regulation that reduces the minimum premium deficiency reserve requirement, subject to certain conditions to ensure adequacy of reserves.
        • 69O-162.203: Adoption of 2001 Commissioners Standard Ordinary Preferred Mortality Tables for Determining Reserve Liabilities for Ordinary Life Insurance
          • Rule amendments would revise the NAIC Model Regulation, explain the conditions for use of the preferred class structure mortality tables and permit use of the mortality tables for policies issued prior to the adoption date of the original Rule.
        • 69O-138.047: Description of Actuarial Memorandum Including an Asset Adequacy Analysis and Regulatory Asset Adequacy Issues Summary
          • Rule amendments would revise the NAIC Model Regulation by adding an additional requirement to the Regulatory Asset Adequacy Issues Summary as a result of changes to Rules 69O-162.203 and 69O-164.020, F.A.C.
        • 69O-138.001: NAIC Financial Condition Examiners Handbook Adopted
          • Rule amendments would adopt the newest version of the NAIC Financial Condition Examiners Handbook used in examining insurers’ financial condition
      • Appointment of Raquel Rodriguez to the Florida Workers’ Compensation Joint Underwriting Association Board of Governors
      • Approval for the OIR to Contract with Examination Resources, LLC, to conduct the Workers’ Compensation Peer Review
  • OIR Proposed Rule Hearing; 9:30 a.m.  Consideration of revisions to Form OIR-B1-1802, also known as the “Uniform Mitigation Verification Inspection Form,” which is incorporated by Rule 69O-170.0155.  To view the hearing notice, click here.
  • 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.
  • FSLSO Budget Committee meeting; 10:00 a.m. and 3:00 p.m.  To view the meeting notice, click here.

Wednesday, September 21

  • Florida Commission on Loss Projection Methodology (“FCHLPM”) meeting; 9:00 a.m. to 4:00 p.m.  Discussion of 2011 Standards and Procedures; consideration of the RiskLink 11.0.SP2 Model under the 2009 Standards.  Teleconference:  888-808-6959; conference code:  4765251363.  To view the meeting notice, click here.
  • Florida Board of Employee Leasing Companies (“BELC”) meeting; 10:00 a.m.  To view the meeting notice, click here.  To view the agenda, click here.

Thursday, September 22

  • FCHLPM meeting; 9:00 a.m. to 4:00 p.m.  Continuation of 2011 Standards and Procedures discussion and consideration of the RiskLink 11.0.SP2 Model under the 2009 Standards.  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.
  • 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, September 26

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

Tuesday, September 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.
  • Florida Workers’ Compensation Joint Underwriting Association (“FWCJUA”) Annual Membership and Board of Governors Meeting; 10:00 a.m.  To view the meeting notice, click here.

Wednesday, September 28

  • (CANCELED) Citizens Property Insurance Corporation Board of Governors meeting; 9:00 a.m.  Teleconference:  888-942-8686; conference code:  8419204389#.  To view the meeting notice, click here.
  • OIR Rule Development Workshop; 9:30 a.m.  Amendments to Rule 69O-137.001 would adopt the 2011 NAIC Quarterly Statement Instructions and the 2011 NAIC Accounting Practices and Procedures Manual.  To view the hearing notice, click here.
  • Auto Insurance Fraud Summit (Tampa, 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.

Thursday, September 29

  • FSLSO Board of Governors meeting; 10:00 a.m. and 3:00 p.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.
  • Florida Hurricane Catastrophe Fund (“FHCF”) Rule Development Workshop; 9:00 a.m. to 12:00 p.m.  Proposed amendments to Rule 19-8.010, entitled “Reimbursement Contract,” relating to the 2012/2013 FHCF Contract Year.  To view the hearing notice, click here.
  • FHCF Advisory Council meeting; 1:00 p.m.  Consideration of approval for the filing of a Notice of Proposed Rule for 19-8.010, F.A.C., “Reimbursement Contract,” and to file it for adoption if no member of the public requests a Rule hearing.  Teleconference:  888-808-6959; conference code:  4765251363. 
  • Florida Workers’ Compensation Insurance Guaranty Association (“FWCIGA”) Investment Committee meeting; Orlando, Florida.
  • FWCIGA Board of Governors meeting; Orlando, Florida.  To view the meeting notice, click here.

Tuesday, October 4

  • 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.
  • 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.

Monday, October 10

  • ICA 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.
  • 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.

Thursday, October 13

  • 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 Proposed Rule Hearing; 2:00 p.m.  To view the hearing notice, click here.
    • 69L-5.205: Loss Data Reporting
      • Proposed amendments to Rule 69L-5.205 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 to Rule 69L-5.217 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.

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.

Wednesday, October 19

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

Thursday, October 20

  • 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.

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

  • 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.

 

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

 

 

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