Insurance-Related Meetings for the Week of January 12-16

 

Insurance-Related Meetings:  Week of January 12-16, 2009

 

Monday, January 12

 

Florida Department of Financial Services Rule Hearing

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

• 69J-166.031:  Mediation of Property Insurance Claims

Mediation of claims for the 2004 and 2005 hurricane season have been governed by Rule 69J-2.003.  There are few claims left to be mediated and therefore, the need for a special process to mediate those claims is no longer needed.  The proposed Rule amendment would modify Rule 69J-166.031 to handle those claims.

To read the meeting report, click here.

 

 

Tuesday, January 13

 

Cabinet Meeting

The Florida Governor and Cabinet (“Cabinet”) will hold a meeting on Tuesday, January 13, starting at 9:00 a.m. in the Cabinet Meeting Room, Lower Level, The Capitol, Tallahassee, Florida.  To view the Florida Office of Insurance Regulation agenda, click here.

 

NAIC Casualty Actuarial and Statistical Task Force Meeting

The National Association of Insurance Commissioners (“NAIC”) will hold a Casualty Actuarial and Statistical Task Force meeting on Tuesday, January 13, starting at 2:00 p.m. (EST) via teleconference. The registration call-in number is:  412.317.6715.  To view the meeting agenda, click here.

Items scheduled to be discussed include:

• Credit Default Swap Working Group Recommendations on  the Stress Testing Referral
• International Association of Insurance Supervisors (“IAIS”) Guidance Paper on Stress Testing by Insurers (included for background only)
• IAIS Issues Paper:  The Relationship Between the Actuary and the External Auditor in the Preparation and Audit of Financial Reports

 

Florida Hurricane Catastrophe Fund Advisory Council

The Florida Hurricane Catastrophe Fund Advisory Council has scheduled a meeting to be held on Tuesday, January 13, 2009.  To view the meeting Notice, click here.  The Advisory Council will consider public comments made at the January 9, 2009 Rule Workshop.

Date:  Tuesday, January 13, 2009
Time:  1:00 p.m. through 5:00 p.m.
Place:  Room 116, Heritage Conference Room, 1801 Hermitage Boulevard, Tallahassee, Florida

 

 

Wednesday, January 14

 

Workers’ Compensation Rule Hearing

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

• 69L-7.602: Florida Workers’ Compensation Medical Services Billing, Filing and Reporting Rule

The proposed Rule amendments would provide enhanced medical data submission and facilitate the Department of Financial Service’s ability to monitor and promote compliance by insurers and submitters with the requirements associated with electronic submission, filing, and reporting of data to the Division of Workers’ Compensation.

Date:  Wednesday, January 14, 2009
Time:  10:00 a.m.
Place:  Room 104-J of the Hartman Building, 2012 Capital Circle S.E., Tallahassee, Florida

 

Louisiana Senate Interim Insurance Committee Meeting

The Louisiana Senate Insurance Committee will hold an interim meeting on Wednesday, January 14, starting at 1:00 p.m.  The live Internet broadcast may be viewed by clicking here and selecting the television icon. 

Items scheduled to be discussed include Senate Study Request 7 (SSR 7) by Senator Donald Cravins.  This study addresses all aspects of insurance producer licensing requirements. 

 

 

Thursday, January 15

 

NAIC International Solvency and Accounting Working Group Meeting

The National Association of Insurance Commissioners (“NAIC”) will hold an International Solvency and Accounting Working Group meeting on Thursday, January 15, starting at 2:00 p.m. (EST) via teleconference. The registration call-in number is:  412.317.6715.

Items scheduled to be discussed include:

• Comparison Chart of Solvency Systems: US and EU
  • To view comments provided by the ACLI regarding its processes, click here
  • To view comments provided by the CEA Insurers of Europe in support of the chart, click here
  • To view comments provided by the Group of North American Insurance Enterprises encouraging further examinations, click here

 

NAIC Life Risk-Based Capital Working Group Meeting

The National Association of Insurance Commissioners (“NAIC”) will hold a Life Risk-Based Capital Working Group meeting on Thursday, January 15, starting at 3:30 p.m. (EST) via teleconference. The registration call-in number is:  412.317.6715.

Items scheduled to be discussed include:

• Treatment of Derivative Instrument Collateral for the Year-End 2008 Life Risk-Based Capital Proposal
• The Risk-Based Capital Treatment of Variability Annuity Proposal 1
  

 

 

LOOKING AHEAD

 

Thursday, January 22

 

Citizens Mission Review Task Force Meeting

The Citizens Property Insurance Corporation (“Citizens”) Mission Review Task Force will hold a meeting on Thursday, January 22, starting at 9:00 a.m. at Citizens’ Jacksonville Facility, 8301 Cypress Plaza Drive, Suite 108, Jacksonville, Florida.  The call-in number for this meeting is: 866.855.4989.  To view the meeting notice, click here.

 

 

Thursday, January 29 through Friday, January 30

 

Florida Commission on Hurricane Loss Projection Methodology Workshop

The Florida Commission on Hurricane Loss Projection Methodology will hold a two-day workshop on Thursday, January 29 and Friday, January 30 in the Hermitage Centre Conference Room, Hermitage Centre, 1801 Hermitage Boulevard, Tallahassee, Florida.  The agenda includes a discussion of commercial residential issues and presentations on near/short-term frequency models:

• Thursday, January 29–9:00 a.m. through 4:00 p.m.
• Friday, January 30–9:00 a.m. through 12:00 p.m.

To view the workshop agenda for both days, click here.

 

FLORIDA LEGISLATURE

 

Florida Legislature Special Session

The Florida Legislature will hold a Special Session from January 5-16, 2009 to address the State’s estimated $2 billion-plus shortfall in the current fiscal year’s budget.  

The Special Session schedule for the week of January 12-16 is as follows:

• Tuesday, January 13 at 8:00 a.m.–Conference Report Placed on Members’ Desks
• Tuesday, January 13 through Thursday, January 15–Regular House Interim Meetings
• Friday, January 16–House Convenes for Final Consideration of Budget Reduction Bills

 

Florida House of Representatives

Upcoming Florida House Interim Committee Meetings:

• January 12-15–Interim Committee Meetings
  • January 13 from 9:30 a.m. through 10:45 a.m.–House Insurance, Business and Financial Affairs Policy Committee

    • The agenda includes presentations on organizational structure and jurisdiction by the following agencies:

      • Florida Department of Business and Professional Regulation
      • Florida Department of Financial Services
      • Florida Office of Financial Regulation
      • Florida Office of Insurance Regulation
• February 2-5–Interim Committee Meetings
• February 9-12–Interim Committee Meetings
• February 16-20–Interim Committee Meetings

 

Florida Senate

Upcoming Florida Senate Interim Committee Meetings:

• January 12-16–Interim Committee Meetings
  • January 14 from 9:00 a.m. through 11:30 a.m.–Senate Banking and Insurance Committee
  • The agenda includes:
  • • Presentations by affected parties on implementing the Secure and Fair Enforcement for Mortgage Licensing Act of 2008
    • Issue Brief 2009-301 (Status of the Florida Hurricane Catastrophe Fund)
    • A Presentation that includes an explanation of the status and implications of the Tower Hill petition for rule variance
    • Presentations by affected parties on the effects of the Florida Supreme Court case Emma Murray v. Mariner Health Inc.
    • A Presentation on the Cover Florida health insurance pilot project
• February 2-6–Interim Committee Meetings
• February 9-13–Appropriations Committees only, if needed
• February 16-20–Interim Committee Meetings

 

 

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