Insurance-Related Meetings for the Week of September 29-October 3

Insurance-Related Meetings: Week of September 29 – October 3, 2008

Monday, September 29

FWCIGA

The Florida Workers’ Compensation Insurance Guaranty Association will hold a Board of Directors meeting on Monday, September 29 at 3:00 p.m. via teleconference. The call-in number is: 866.365.2980; conference code: 63021786.

Items scheduled to be discussed include:

• Legal Report
• Claims Report
• Financial Report
• Receiver’s Report

Tuesday, September 30

Florida Cabinet Meeting

The Florida Cabinet will hold a meeting on Tuesday, September 30 at 9:00 a.m. in the Cabinet Meeting Room, Lower Level, The Capitol, Tallahassee, Florida.

Entities scheduled to speak include:

• Florida Department of Highway Safety and Motor Vehicles
• Florida Department of Revenue
• Request to file a Notice of Intended Action regarding insurance premium taxes, fees and surcharges
• Florida Administration Commission
• Florida Board of Trustees
• Florida State Board of Administration
  

To view the complete agenda, click here.

Florida Office of Insurance Regulation (“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 Rules:

• 69O-163.0075: Term and Evidence of Insurance
• 69O-163.009: Determination of Reasonableness of Benefits in Relation to Premium Charge
• 69O-163.011: Credit Disability Insurance Rates

The Chapter applicable to the above Rules, Credit Life and Credit Disability Insurance, is being amended pursuant to House Bill 343, which became law on May 28, 2008. The bill removes the $50,000 limit for credit life, but does not remove the 10-year limit still contained in the law. Similarly, the bill removes the 10-year limit for credit disability, but does not remove the $50,000 legal limit.

The stipulation that a term of insurance shall not exceed 10 years (subject to certain restrictions under the term and evidence of credit life insurance) is now gone.

The revised Rules uniformly effect a 10-year cap for credit life insurance uniformly from the date of issue.

Also, the proposed Rules eliminate the previous loan repayment requirements.

Date: September 30, 2008
Time: 1:30 p.m.
Place: Room 142 of the Larson Building, 200 East Gaines Street, Tallahassee, Florida

Wednesday, October 1

OIR Hearing

The Florida Financial Services Commission, Office of Insurance Regulation has issued a Notice of Workshop Meeting regarding the following Rule:

• 69O-149.041: Marketing Communication Material and Marketing Guidelines (related to life/health insurance)

The purpose of the meeting will be to hold a public hearing so that the OIR can receive comments from the public and regulated entities on the Notice of Change published September 5, 2008 for this Rule.

Date: October 1, 2008
Time: 9:30 a.m.
Place: Room 116 of the Larson Building, 200 East Gaines Street, Tallahassee, Florida

Thursday, October 2 through Friday, October 3

2008 Fall Surplus Lines Law Group Meeting

The Florida Surplus Lines Law Group will hold its 2008 Fall Meeting, sponsored by the American Association of Managing General Agents, Colodny Fass, and the Florida Surplus Lines Service Office from Thursday, October 2 through Friday, October 3 at the Harbor Beach Marriott Resort and Spa in Fort Lauderdale, Florida.

For registration information, click here.

LOOKING AHEAD

October 10

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 the Tampa Airport Marriott.

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.

Date: Friday, October 10, 2008
Time: 10:00 a.m.
Place: Tampa Airport Marriott

October 19-21

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

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