Florida Insurance Calendar: September 3 – 7

 

Following is a listing of Florida insurance-related regulatory events for the week of September 3-7, 2012:

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

 

 

FLORIDA INSURANCE REGULATORY EVENTS

 

Wednesday, September 5

• Florida Workers’ Compensation Insurance Guaranty Association (“FWCIGA”) Workgroup meeting.  Orlando, Florida.  Agenda includes discussion of issues and concerns resulting from recent insolvencies, including large deductible and employee leasing policies and collateral.  To view the meeting notice, click here.

Thursday, September 6

• Citizens Property Insurance Corporation (“Citizens”) Market Accountability Advisory Committee meeting; 11:00 a.m. to 12:00 p.m.  Teleconference: 866-361-7525; participant code:  7849939192#.  To view the meeting notice, click here.
• Citizens Consumer Services Committee meeting; 1:00 p.m. to 2:00 p.m.  Teleconference:  866-361-7525; participation code: 6487811620#.  To view the meeting notice, click here.
• Citizens Depopulation Committee meeting; 2:30 p.m. to 5:00 p.m.  Teleconference:  855-312-8651; participation code:  4458606638#.  To view the meeting notice, click here.

Friday, September 7

• Citizens Board of Governors meeting; 9:00 a.m. to 12:00 p.m.  Teleconference:  888-942-8686.  Participant Code:  5743735657#.  To view the meeting notice, click here.

Wednesday, September 12

• 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.  To view the Annual Membership meeting agenda, click here.  To view the Board of Governors agenda, click here.

Monday, September 17

• Florida Automobile Joint Underwriting Association (“FAJUA”) Finance Audit Committee meeting; 3:00 p.m.  Tampa, Florida.  To view the meeting notice, click here.
• FAJUA Budget Committee meeting; 4:00 p.m.  Tampa, Florida.  To view the meeting notice, click here.

Tuesday, September 18

• Florida Cabinet meeting; 9:00 a.m.
  • Florida Office of Financial Regulation (“OFR”)
    • For final adoption
      • Proposed amendments to Rule 69V-160.025, entitled “Property Insurance on Loans,” would delete subsection 11, because the OFR lacks statutory authority to require licensees under the act to display the rules governing insurance on household goods and appliances.  To view the hearing notice, click here.

Wednesday, September 19

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

Thursday, September 20

• Florida Office of Insurance Regulation (“OIR”) Public Rate Hearing:  Citizens; 4:00 p.m.  Additional information is forthcoming.

Monday, September 24

• FWCIGA Board of Directors meeting; 2:00 p.m. Tallahassee, Florida. To view the meeting notice, click here.

Wednesday, October 3

• OIR Proposed Rule Hearing; 1:00 p.m.
  • Proposed repeal of Rule 69O-157.105, “Refund of Premium,” which requires insurers that cancel an insurance policy to refund to the policyholder any unearned premium paid to the insurer.  This Rule substantially restates the language of Section 627.6645(4), F.S., and is considered unnecessary.  To view the hearing notice, click here.
  • Proposed repeal of Rule 69O-157.018, “Right to Return Policy-Free Look,” which requires individual long-term care insurers to give policyholders 30 days to examine a policy after delivery, and to return the policy for a full refund of premium if not satisfied for any reason.  This rule substantially restates the language of Section 627.9407(8), F.S. and is considered unnecessary.  To view the hearing notice, click here.
  • Proposed repeal of Rule 69O-185.005, “Advertisement of Mortgage Insurance,” which prohibits insurers from insuring mortgages offered for sale to the public by advertisements that expressly or impliedly represent that the worth, value or safety of the mortgage investment arises by virtue of the proposed mortgage guaranty insurance rather than by virtue of the value of the underlying security, or which stress the fact that the mortgage guarantee insurance is regulated by an agency of the State or Federal Government.  This rule substantially restates the language of Section 635.071(3), F.S. and is considered unnecessary.  To view the hearing notice, click here.
  • Proposed repeal of Rule 69O-196.008, “Failure to Comply,” pertaining to premium finance companies.  This rule substantially restates the language of Sections 627.832 and 627.833, F.S. and is considered unnecessary.  To view the hearing notice, click here.

Thursday, November 8

• FWCJUA Investment Committee meeting; 4:00 p.m. Additional information is forthcoming.

Thursday, November 15

• FWCJUA Audit Committee meeting; 10:00 a.m. Additional information is forthcoming.

Wednesday, December 12

• FWCJUA Board of Governors meeting; 10:00 a.m.  Additional information is forthcoming.

Friday, December 14

• Citizens Board of Governors meeting; 9:00 a.m. to 12:00 p.m. Teleconference: 888-942-8686; participant code: 5743735657#.  To view the meeting notice, click here.

 

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