Florida Insurance Calendar: September 27 – October 1

Sep 24, 2010

Following is a listing of insurance-related Florida regulatory events for the week of September 27 – October 1, 2010:

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

 

FLORIDA INSURANCE REGULATORY EVENTS   

  

Monday, September 27

  • National Association of Insurance Commissioners (“NAIC”) Surplus Lines Implementation Task Force meeting; 2:30 p.m.  To register for the teleconference, click here.
  • National Conference of Insurance Legislators (“NCOIL”) Life Insurance Committee meeting on proposed “Beneficiaries’ Bill of Rights” Model Law; 1:00 p.m.  To register for the teleconference, click here.

Tuesday, September 28

  • Florida Cabinet, 9:00 a.m.  To view the agenda, click here.
    • Florida Department of Revenue agenda:
      • 12B-8.003: Tax Statement; Overpayment.  Relates to insurance premium tax.
  • Florida Office of Insurance Regulation (“OIR”) Proposed Rule Hearing; 9:30 a.m. 
    • 69O-164.020: Valuation of Life Insurance Policies.  To view the meeting notice and proposed Rule text, click here
      • Rule amendments would reduce the minimum premium deficiency reserve requirement, subject to certain conditions ensuring adequacy of reserves 
    • 69O-162.203: Adoption of 2001 Commissioners Standard Ordinary (CSO) Preferred Mortality Tables for Determining Reserve Liabilities for Ordinary Life Insurance.  To view the meeting notice and proposed Rule text, click here
      • 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
    • 69O-138.047: Description of Actuarial Memorandum Including an Asset Adequacy Analysis and Regulatory Asset Adequacy Issues Summary.  To view the meeting notice and proposed Rule text, click here.
      • 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.
  • NAIC Casualty Actuarial and Statistical Task Force meeting; 3:00 p.m.  To register for the teleconference, call 800-967-4633 or click here.

Wednesday, September 29

  • Florida Hurricane Catastrophe Fund (“FHCF”) Rule Development Workshop; 9:00 a.m. to 12:00 p.m.  To view the meeting notice, click here. 
  • FHCF Advisory Council meeting; 1:00 p.m. to 4:00 p.m.  Teleconference: 888-808-6959; conference code: 4765251363.  To view the meeting notice, click here. 
    • Public comment and testimony from the above Rule Development Workshop will be reviewed.

Thursday, September 30

  • NAIC public hearing on a proposed risk classification data call and other risk classification tools for personal automobile insurance; 9:00 a.m. to 5:00 p.m.  To view the meeting notice, click here.
  • OIR Public Rate Hearing:  Sunshine State Insurance Company; 1:00 p.m.  Agenda forthcoming.  To view the meeting notice, click here.

Friday, October 1

  • NAIC Annuity Disclosure Working Group Call; 10:00 a.m.  To register for the teleconference, click here.

 

LOOKING AHEAD

Tuesday, October 5

  • OIR Public Rate Hearing:  National Council on Compensation Insurance; 9:00 a.m.  Agenda forthcoming.  To view the meeting notice, click here.

Monday, October 11

  • Florida Division of Workers’ Compensation (“DWC”) Proposed Rule Hearing; 9:00 a.m.  Proposed amendment to Rule 69L-6.007 adopts revised workers’ compensation notice posters that employers with coverage are required to display in their places of business under Section 440.40, Florida Statutes.  To view the meeting notice, click here.
  • DWC Proposed Rule Hearing; 1:00 p.m.  Proposed amendment to Rule 69L-3.025 adopts updated English and Spanish versions of workers’ compensation informational brochures that carriers must mail to employers and injured employees under Section 440.185(4), Florida Statutes.  To view the meeting notice, click here.
  • Florida Department of Revenue (“DOR”) Rule Development Workshop; 1:30 p.m.  The agenda includes the following tax-related proposed Rules, which also have insurance components:
    • Relating to Insurance Premium Tax
      • 12-24.003: Requirements to File or to Pay Taxes by Electronic Means
      • 12-24.011: Public Use Forms
    • Relating to Insurance Premium Tax and Florida’s Tax Credit Scholarship Program
      • 12-29.001: Scope
      • 12-29.002: Florida Tax Credit Scholarship Program; Participation; Allocation; Carryforward; Rescindment
      • 12-29.003: Florida Tax Credit Scholarship Program; Applications
    • Relating to Red Light Camera Penalty Payment Remittance

Tuesday, October 12

  • Florida Cabinet, 9:00 a.m.  Complete agenda not yet posted. 
    • OIR agenda: (NOTE: These items were rescheduled from the September 28 Cabinet meeting)
      • Proposed Rules relating to the incorporation of a new category of Motor Vehicle Service Agreement Companies called “Motor Vehicle Manufacturers.” To view the meeting notice, click here.
      • 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 meeting notice, click here.

Thursday, October 14

  • OIR Public Rate Hearing:  Homesite Insurance Company of Florida; 1:00 p.m.  Agenda forthcoming.

Wednesday, October 20

  • 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 21

  • OIR Public Rate Hearing:  First Community Insurance Company; 1:00 p.m.  Agenda forthcoming.
  • Citizens Property Insurance Corporation (“Citizens”) Actuarial and Underwriting Committee meeting; 4:00 p.m. Teleconference: 866-631-2413

Monday, November 8

  • Citizens Board of Governors meeting; 8:00 a.m. Teleconference: 888-295-6211

Wednesday, November 17

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

Thursday, November 18

  • Florida Workers’ Compensation Joint Underwriting Association (“FWCJUA”) Audit Committee meeting; 10:00 a.m.  To view the meeting notice, click here.
  • Citizens Actuarial and Underwriting Committee meeting; 2:00 p.m.  Teleconference:  866-631-2413

Friday, November 19

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

Tuesday, December 7

  • FWCJUA Board of Governors meeting; 10:00 a.m.

Tuesday, December 14

  • 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

  • Citizens Board of Governors meeting; 9:00 a.m. Teleconference: 888-295-6211

 

 

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

 

 

To unsubscribe from this newsletter, please send an email to bellis@cftlaw.com.

 

News Library

RSS Subscribe

Get Our Latest News In Your Email