Florida Insurance Calendar: September 6 – 10

Sep 2, 2010

Following is a listing of insurance-related Florida regulatory events for the week of September 6-10, 2010:

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

 

    

FLORIDA INSURANCE REGULATORY EVENTS   

 

Tuesday, September 7

  • Florida Office of Insurance Regulation (“OIR”) Public Rate Hearing: Citizens Property Insurance Corporation; 1:00 p.m.  Agenda forthcoming.  To view the meeting notice, click here.

Wednesday, September 8

  • Florida Workers’ Compensation Joint Underwriting Association (“FWCJUA”) Annual Membership and Board of Governors meeting; 9:00 a.m.  To view the meeting notice, click here.
  • National Association of Insurance Commissioners (“NAIC”) Joint Conference Call; International Accounting Standards Working Group; Statutory Accounting Principles Working Group; Casualty Actuarial and Statistical Task Force; and Life and Health Actuarial Task Force; 11:00 a.m.  To register, call 800-967-4633.

Thursday, September 9

  • Florida Workers’ Compensation Insurance Guaranty Association Board meeting; 10:00 a.m.  To view the meeting notice, click here.

 

LOOKING AHEAD

Monday, September 13

  • Florida Department of Financial Services/OIR Proposed Rule Hearing, 9:30 a.m.  Proposed Rules 69M-236.001; .002; .003; .004; .005 relating to Florida’s Annual Residential Property Insurer Report Card.  To view the meeting notice, click here.
  • NAIC Surplus Lines Implementation Task Force meeting; 3:00 p.m.  To register for the teleconference, click here.

Tuesday, September 14

  • Florida Cabinet; 9:00 a.m.  Complete agenda not yet posted.  
    • OIR agenda items:
      • For final adoption:  
        • Proposed Rules relating to the incorporation of a new category of Motor Vehicle Service Agreement Companies called “Motor Vehicle Manufacturers”
        • 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.

Wednesday, September 15

  • Florida Division of Insurance Agents and Agency Services Proposed Rule Hearing, 9:30 a.m. Proposed Rules would repeal the requirement (and exemptions from that requirement) that Florida insurance-related licensees have a photograph on their insurance license identification cards and also permit licensees to print the cards electronically. To view the meeting notice, click here.

Thursday, September 16

  • Florida Division of Worker’s Compensation Rule Development Workshop; 9:00 a.m. to 10:30 a.m. and 11:00 a.m. to 12:30 p.m. Proposed Rules 69L-7.020: Florida Workers’ Compensation Health Care Provider Reimbursement Manual and 69L-7.100: Florida Workers’ Compensation Reimbursement Manual for Ambulatory Surgical Centers would adopt new versions of the manuals and implement reimbursement rates for health care providers and ambulatory surgical centers for services performed for injured workers pursuant to Section 440.13, Florida Statutes.  To view the meeting notice, click here.

Monday, September 20

  • Florida Division of Insurance Agent and Agency Services Rule Development Workshop; 9:30 a.m.  Proposed Rule 69B-210.005 would define the term “unlawful inducement” and provides examples of prohibited acts and practices that are general unlawful inducements to purchase insurance.  A secondary workshop on similar title insurance issues will be held at 2:30 p.m. for proposed Rule 69B-210.010. 

Wednesday, September 22

  • OIR Rule Development Workshop; 9:30 a.m.  Proposed revisions to Rule 69O-170.0155:  Forms. Relates to Form OIR-B1-1802, which is also known as the Uniform Mitigation Verification Inspection Form.   

Thursday, September 24

  • OIR/Florida Health Insurance Advisory Board; Second hearing on Medical Loss Ratios; 10:30 a.m. to 12:30 p.m.  To view the meeting notice, click here.
    • General business meeting, 1:30 p.m. to 4:00 p.m. 

Monday, September 28

  • 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.

Tuesday, September 29

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

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.

Wednesday, November 17

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

Thursday, November 18

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

Friday, November 19

  • 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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