Insurance-Related Meetings for the Month of October

Oct 6, 2008

Insurance-Related Meetings: Month of October, 2008

Week of October 6-10

Monday, October 6

NAIC

The National Association of Insurance Commissioners (“NAIC”) held a regulator-to-regulator meeting of the International Solvency and Accounting Working Group on Monday, October 6 at 11:00 a.m. (EST) via teleconference.

Meeting materials included:

Tuesday, October 7

NCCI Workers’ Compensation Rate Hearing

The Florida Department of Financial Services, Office of Insurance Regulation (“OIR”), has issued a Notice of Workshop 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 workers’ compensation rate levels of 14.1 percent for all new and renewal policies written in the State of Florida’s voluntary market effective January 1, 2009.

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

Wednesday, October 8

OIR Rule Development Workshop

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

The purpose of the proposed Rule is to provide the required training standards for insurance agents who sell long term care insurance. This Rule outlines training standards which are consistent with the NAIC’s recommended standards.

Date: Wednesday, October 8, 2008
Time: 9:30 a.m.
Place: Room 142 of the Larson Building, 200 East Gaines Street, Tallahassee, Florida

Florida Division of Workers’ Compensation Rule Hearing

The Florida Department of Financial Services, Division of Workers’ Compensation, has issued a Notice of Proposed Rule regarding the following Rule:

The purpose of the proposed Rule is to revise the following forms to comply with the Florida law precluding an agency from requesting an individual’s social security number unless such collection conforms to the specified provisions of that statute. The proposed Rule would revise the following forms:

  • Form DWC 250 (Notice of Election to be Exempt), would be amended to include a purpose and use statement regarding the collection of the social security number
  • Forms DWC 250-R (Notice of Revocation of Election to be Exempt), DWC 251 (Notice of Election of Coverage), and DWC 251-R (Revocation of Election of Coverage), would be amended so that collection of the social security number is discontinued

The proposed Rule amendment also would revise the existing field office address.

Date: Wednesday, October 8
Time: 10:00 a.m.
Place: Room 104J of the Hartman Building, 2012 Capital Circle SE, Tallahassee, Florida

Friday, October 10

OIR Rate Hearing

The Florida Department of Financial Services, Office of Insurance Regulation, has issued a Notice of Workshop Hearing regarding rate increases requested by Cincinnati Insurance Company and Cincinnati Indemnity Company.

Cincinnati Insurance Company and Cincinnati Indemnity Company have requested average statewide rate increases of 36.8 and 39.6 percent for their homeowners and dwelling fire programs, respectively. The proposed rate increases would be effective March 1, 2009, for new and renewal business. The requested rate increases are not uniform and some areas are subject to higher rate increases.

The purpose of the hearing is to receive input from the insurers and interested parties.

Date: Friday, October 10
Time: 9:00 a.m.
Place: Room 401 of the Senate Office Building, The Capitol, Tallahassee, Florida

Citizens Property Insurance Corporation (“Citizens”) Mission Review Task Force Meeting

The first meeting of the Citizens Mission Review Task Force has been scheduled to take place on Friday, October 10 at 10:00 a.m. at the Tampa Airport Marriott and via teleconference. The call-in number is: 866.855.4989; conference code: 65685844.

The Citizens Mission Review Task Force was created to analyze and compile available data and to develop a report setting forth the statutory and operational changes needed to return Citizens to its former role as a state-created, noncompetitive residual market mechanism that provides property insurance coverage to risks that are otherwise entitled but unable to obtain such coverage in the private insurance market.

Citizens Claims Committee Meeting

Citizens Property Insurance Corporation will hold a Claims Committee meeting on Friday, October 10 at 10:00 a.m. via teleconference. The call-in number is: 888.302.3367. To view the meeting agenda, click here.

NAIC Health Risk-Based Capital Working Group Meeting

The National Association of Insurance Commissioners will hold a Health Risk-Based Capital Working Group meeting on Friday, October 10 at 11:00 (EST) via teleconference.

Week of October 13-17

Monday, October 13

Florida Department of Revenue Rule Hearing

The Florida Department of Revenue, Miscellaneous Tax Division, has issued a Notice of Development of Rulemaking regarding the following Rule:

The purpose of the proposed amendments to Rule 12B-8.016, is to update the method of computation used to determine which portion of the Florida Insurance Guaranty Association Assessment should be included on the Florida side of the retaliatory tax computation.

Date: Monday, October 13
Time: 2:00 p.m.
Place: Room 118 of the Carlton Building, 501 South Calhoun Street, Tallahassee, Florida

Tuesday, October 14

Florida Cabinet Meeting

The Florida Cabinet will hold a meeting on Tuesday, October 14 at 9:00 a.m. in the Cabinet Meeting Room, Lower Level, The Capitol, Tallahassee, Florida.

Developmental Disabilities Compact Workgroup Meeting

The Developmental Disabilities Compact Workgroup will hold a meeting on Tuesday, October 14 from 9:00 a.m. through 2:00 p.m. in Room 412 of the Knott Building, The Capitol, Tallahassee, Florida.

NCCI Appeals Board Meeting

The National Council on Compensation Insurance, Inc. will hold an Appeals Board meeting on Tuesday, October 14 from 9:00 a.m. through 3:00 p.m. at the Hyatt Regency Orlando International Airport, 9300 Airport Boulevard, Orlando, Florida.

The purpose of the meeting is to provide a mechanism by which aggrieved parties may obtain a review of the workers’ compensation rules applied to their individual policies.

FHCF Advisory Council Meeting

The Florida Hurricane Catastrophe Fund (“FHCF”) will hold a meeting on Tuesday, October 14 from 1:00 through 4:30 p.m. via teleconference. The call-in number for the meeting is: 888.808.6959; conference code: 4765251363.

Bonding capacity estimates are scheduled to be discussed.

Wednesday, October 15

Florida Board of Employee Leasing Companies Meeting

The Florida Board of Employee Leasing Companies will hold a meeting on Wednesday, October 15 at 10:00 a.m. at the Doubletree Hotel, Tampa Westshore Airport, 4500 West Cypress Street, Tampa, Florida.

Week of October 20-24

Sunday, October 19 through Tuesday, October 21

SERA 2008

The Florida Office of Insurance Regulation is hosting the 2008 Southeastern Regulators Association (“SERA”) Conference on October 19-21 in Orlando, Florida at Disney’s Boardwalk Inn.

SERA 2008 features Sandy Praeger, NAIC President and Kansas Insurance Commissioner as Keynote Speaker and Dr. Bob Hartwig of the Information Insurance Institute as Guest Speaker. The Conference begins with a morning golf tournament on the Disney Palm Course and an evening reception.

For SERA 2008 registration and event information, go to: www.floir.com/sera

Tuesday, October 21

Florida Division of Insurance Agents and Agency Services Rule Workshop

The Florida Department of Financial Services, Division of Insurance Agents and Agency Services, has issued a Notice of Development of Rulemaking regarding the following Rules:

The proposed Rules would establish required procedures for submitting documentation through the DFS online Education Database, which can be accessed at www.myfloridacfo.com.

Date: Tuesday, October 21, 2008
Time: 9:30 a.m.
Place:  142 Larson Building, 200 East Gaines Street, Tallahassee, Florida

Florida Division of Workers’ Compensation Rule Workshop

The Florida Department of Financial Services, Division of Workers’ Compensation, has issued a Notice of Development of Rulemaking regarding the following Rules:

  • 69L-3.0046: Wage Statement: Employer’s and Claims-handling Entity’s Responsibility to Record and Report Wages
    69L-3.025: Forms

The purpose of the proposed Rules is to revise the following forms to comply with the Florida law precluding an agency from requesting an individual’s social security number unless such collection conforms to the specified provisions of that statute. The proposed Rules would revise the following forms:

  • Forms DFS-F2-DWC-1a (Wage Statement) and DFS-F2-DWC-30 (Authorization and Request for Unemployment Compensation Information) would be revised so that collection of a social security number is discontinued
  • Forms DFS-F2-DWC-1 (First Report of Injury or Illness), DFS-F2-DWC-3 (Request for Wage Loss/Temporary Partial Benefits), DFS-F2-DWC-4 (Notice of Action/Change), DFS-F2-DWC-12 (Notice of Denial), DFS-F2-DWC-13 (Claim Cost Report), DFS-F2-DWC-14 (Request for Social Security Disability Benefit Information), DFS-F2-DWC-19 (Employee Earnings Report), DFS-F2-DWC-33 (Permanent Total Off-Set Worksheet), DFS-F2-DWC-35 (Permanent Total Supplemental Worksheet), DFS-F2-DWC-40 (Statement of Quarterly Earnings for Supplemental Income Benefits), and DFS-F2-DWC-49 (Aggregate Claims Administration Change Report) would be revised to include a purpose and use statement regarding collection of the social security number

Clerical revisions also would be made to existing Rules in this Chapter to maintain consistency.

Date: Tuesday, October 21, 2008
Time: 10:00 a.m.
Place: Room 104J of the Hartman Building, 2012 Capital Circle SE, Tallahassee, Florida

Wednesday, October 22

Citizens Meetings

Citizens Property Insurance Corporation will hold the following meetings on Wednesday, October 22 at the Tampa Airport Marriott, Tampa, Florida and via teleconference.

  • Audit Committee — 9:00 a.m. the call-in number for this meeting is: 877.260.2826
  • Financial Investment Committee — 10:30 a.m. The call-in number for the meeting is: 888.277.7951
  • Market Accountability Advisory Committee — 1:00 p.m. The call-in number for the meeting is: 866.526.0550
  • Information Systems Advisory Committee — 3:00 p.m. The call-in number for the meeting is: 877.211.6829

Thursday, October 23

Citizens Meetings

Citizens Property Insurance Corporation will hold the following meetings on Thursday, October 23 at the Tampa Airport Marriott, Tampa, Florida and via teleconference.

  • FMAP Board of Directors — 8:30 a.m.  The call-in number for the meeting is: 888.488.6642
  • Board of Governors — 9:00 a.m. The call-in number for the meeting is: 888.295.6211
  • Depopulation Committee — 11:30 a.m. The call-in number for the meeting is: 877.577.1769

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