Insurance-Related Meetings for the Week of August 25-29

Aug 25, 2008

Insurance-Related Meetings: Week of August 25-29, 2008

Monday, August 25

NAIC–Life & Health Actuarial Task Force

The National Association of Insurance Commissioners will hold a Valuation Model (“VM”) Principles-Based Reserve Health Subgroup of the Life and Health Actuarial Task Force meeting on August 25 at 2:00 p.m. via teleconference to discuss VM-25. Meeting materials include:

NAIC–Property & Casualty Insurance Committee

The National Association of Insurance Commissioners will hold a Property & Casualty Insurance Committee meeting on August 25 at 3:00 p.m. via teleconference to consider amendments to the Medical Professional Liability Closed Claim Reporting Model Law. Meeting materials include:

Tuesday, August 26

Florida Cabinet–CANCELLED

The Florida Cabinet meeting scheduled for August 26 has been cancelled. The next Cabinet meeting is scheduled to take place on September 16. Included on the September 16 agenda will be the final hearing for proposed Rule 69O-144.007: Credit for Reinsurance From Eligible Reinsurers.

FWCJUA

The Florida Workers Compensation Joint Underwriting Association will hold a Rates & Forms Committee meeting on August 26 at 10:00 a.m. via teleconference.

AHCA–Medicaid Rule Hearing

The Agency for Health Care Administration, Medicaid Division has scheduled a hearing on Rule 59G-4.251: Florida Medicaid Prescribed Drugs Reimbursement Methodology for August 26, from 10:00 a.m. through noon at the Florida Agency for Health Care Administration Headquarters, 2727 Mahan Drive, Building 3, Conference Room C, Tallahassee, Florida. To view a copy of the meeting Notice, click here.

NAIC–Risk-Based Capital Working Group

The National Association of Insurance Commissioners will hold a Risk-Based Capital Working Group meeting on August 26 at 3:00 p.m. via teleconference to discuss the ACLI Mortgage Experience Adjustment Factor Proposal. Meeting materials include:

Thursday, August 28

FWCJUA

The Florida Workers Compensation Joint Underwriting Association will hold an Operations Committee meeting on August 28 at 10:00 a.m. via teleconference.

Friday, August 29

FWCJUA

The Florida Workers Compensation Joint Underwriting Association will hold an Investment Committee meeting on August 29 at 10:00 a.m. via teleconference.

OIR–STOLI Hearing

The Florida Office of Insurance Regulation will hold an informational hearing on August 29 from 1:00 p.m. through 5:00 p.m. in Room 309 of the Capitol Building, Tallahassee, Florida to discuss and receive public comment Stranger Owned Life Insurance, Stranger-Oriented Life Insurance, Stranger Originated Life Insurance or Speculator Initiated Life Insurance. To view the meeting agenda, click here.

LOOKING AHEAD

OIR Rule Development: NAIC Handbook, Reporting Requirements

The Florida Department of Financial Services, Office of Insurance Regulation has scheduled a Rule Development Workshop for September 4 at 9:30 a.m. in Room 142 of the Larson Building, 200 East Gaines Street, Tallahassee, Florida to discuss the following proposed Rules:

  • 69O-137.001: Annual and Quarterly Reporting Requirements
  • 60O-138.001: NAIC Financial Condition Examiners Handbook Adopted

Rule 69O-137.001 is being amended to adopt the 2008 NAIC manuals for annual and quarterly statements and the 2008 NAIC accounting practices and procedures manual.

Rule 60O-138.001 is being amended to adopt the NAIC Financial Condition Examiners Handbook to facilitate insurer financial condition examinations and ensure current generally accepted accounting practices.

To unsubscribe from this newsletter, please send an e-mail to ccochran@cftlaw.com