Insurance-Related Administrative Actions: Week Ending September 19

The following insurance-related administrative actions were posted on Friday, September 19, 2008.

Final Life/Health Insurance Rules:

• 69O-149.003: Rate Filing Procedures
• 69O-149.005: Reasonableness of Benefits in Relation to Premiums
• 69O-149.006: Actuarial Memorandum
• 69O-149.0025: Definitions

Final Property/Casualty Insurance Rules:

• REPEAL: 69P-2.002: Adoption of Property and Casualty Risk Apportionment Plan (effective October 1, 2008)

Notice of Rulemaking Development: Training Standards for Long-Term Care Insurance Agents

The Department of Financial Services, Florida Office of Insurance Regulation (“OIR”), has issued a Notice of Development of Rulemaking regarding the following Rule:

• 69O-157.1155: Producer Training

The purpose of this Rule is to provide the required training standards for insurance agents who sell long-term care insurance. This Rule outlines training standards that are consistent with the National Association of Insurance Commissioners’ recommended standards.

If requested in writing and not deemed unnecessary by the agency head, a Rule Development Workshop will be held at the date, time and place below:

Date: Wednesday, October 8
Time: 9:30 a.m.
Place: Room 142 of the Larson Building, 200 East Gaines Street, Tallahassee, Florida

Notice of Change: Mediation Procedures for Disputed Personal Lines Insurance Claims Arising from the 2004 and 2005 Hurricanes and Tropical Storms

The Florida Department of Financial Services, Division of Consumer Services, has issued a Notice of Change regarding the following Rule:

• 69J-2.003: Mediation Procedures for Resolution of Disputed Personal Lines Insurance Claims Arising from the 2004 and 2005 Hurricanes and Tropical Storms

Changes are being made to address issues raised at a previously-held public hearing and by the Joint Administrative Procedures Committee.

Notice of Withdrawal

A Notice of Withdrawal was issued by the OIR for the following Rules:

• 69O-157.301: Rate Increase Standards
• 69O-157.302: Facility Only Rates
• 69O-157.303: Home Health Care Only Rates
• 69O-157.304: Comprehensive Only Rates

Notice of Hearing: Workers’ Compensation Rate Filing from NCCI

The Florida Department of Financial Services, Office of Insurance Regulation, has issued a Notice of Hearing regarding the workers’ compensation rate filing made by the National Council on Compensation Insurance, Inc. (“NCCI”). In its filing, the NCCI requested an overall average decrease in rate levels of 14.1% for all new and renewal workers’ compensation policies written in the State of Florida, effective January 1, 2009.

Hearing details are as follows:

Date: Tuesday, October 7, 2008
Time: 9:00 a.m.
Place: Room 401 of the Senate Office Building, The Capitol, Tallahassee, Florida

Notice of Meeting: NCCI Appeals Board

The NCCI has issued a Notice of Meeting regarding an Appeals Board meeting to be held on October 14, 2008.

The Appeals Board provides a mechanism by which aggrieved parties may obtain a review of the application of rules to their individual workers’ compensation policies.

Meeting details are as follows:

Date: October 14, 2008
Time: 9:00 a.m. through 3:00 p.m.
Place: Hyatt Regency Orlando International Airport, 9300 Airport Blvd., Orlando, Florida

Notice of Meeting: Florida Workers’ Compensation Joint Underwriting Association (“FWCJUA”)

The FWCJUA has issued a Notice of Meeting regarding the Investment Committee teleconference scheduled for Friday, September 26, 2008. This meeting has been re-scheduled. There is no additional information available at this time.

Should you have any questions or comments, please do not hesitate to contact Colodny Fass.

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