Regulatory Update: Week of Sept. 24

Sept. 30

The Florida Building Commission announces a Notice of Meeting/Workshop Hearing public meeting to which all persons are invited.
DATES AND TIME: September 30, 2007 through October 3, 2007, 8:00 a.m. – completion
PLACE: Embassy Suites Hotel, 3705 Spectrum Boulevard, Tampa, Florida 33612, (813)977-7066

Note:  Includes meetings of the Hurricane Research Advisory Committee

 

Sept. 28

The Florida League of Cities, The Florida Municipal Insurance Trust announces a Notice of Meeting/Workshop Hearing to which all persons are invited.
DATE AND TIME: September 28, 2007, 9:30 a.m.
PLACE: Hyatt Regency Coconut Point, 5001 Coconut Road, Bonita Springs, FL (239)444-1234
GENERAL SUBJECT MATTER TO BE CONSIDERED: Business meeting of the Board of Trustees.

 

Oct. 2 

The EXECUTIVE OFFICE OF THE GOVERNOR has announced a Notice of Meeting/Workshop Hearing of the following state governmental agencies, boards and commissions to which all persons are invited:
State Board of Administration
Financial Services Commission
Department of Veterans’ Affairs
Department of Highway Safety and Motor Vehicles
Department of Law Enforcement
Department of Revenue
Department of Education
Administration Commission
Florida Land and Water Adjudicatory Commission
Board of Trustees of the Internal Improvement Trust Fund
Department of Environmental Protection
DATE AND TIME: October 2, 2007, 9:00 a.m.
PLACE: Cabinet Meeting Room, Lower Level, The Capitol, Tallahassee, Florida
GENERAL SUBJECT MATTER TO BE CONSIDERED: Regular scheduled meeting of the Governor and Cabinet
The State Board of Administration will take action on matters duly presented on its agenda, which may include such matters as Executive Director’s reports; approval of fiscal sufficiency of state bond issues; approval of sale of local bonds at an interest rate in excess of statutory interest rate limitation; report on investment performance; designation of banks as depositories for state funds; adoption of rules and regulations; investment of state funds pursuant to Chapter 215, F.S.; and consideration of other matters within its authority pursuant to Chapters 215 and 344, F.S., and Section 16 of Article IX of the Florida Constitution of 1885, as continued by subsection 9(c) of Article XII of the Florida Constitution of 1968. The Division of Bond Finance of the State Board of Administration will take action on matters duly presented on its agenda, which will deal with the issuance of State bonds, arbitrage compliance and related matters.

 

Oct. 5

The Florida DEPARTMENT OF FINANCIAL SERVICES, Office of Insurance Regulation has issued a Notice of Proposed Rule
RULE NO: RULE TITLE
69O-149.003: Rate Filing Procedures
PURPOSE AND EFFECT: Annually publish the medical trend used by health insurers.
SUMMARY: Medical trend have gone down.  “Medical trend” refers to the expected amount medical bills will increase over the next year. It is used by health insurers in calculating the appropriate rates to be charged for medical insurance. If an insurer has credible data, it can determine medical trend on its own. However, if an insurer does not have credible data the maximum medical trend the insurer can use is the amount that is published in this rule paragraph. The Rule paragraph, therefore, establishes the “maximum medical trend” for medical insurance that can be used by an insurer that does not have the credible data needed to make its own determination as to medical trend.

IF REQUESTED WITHIN 21 DAYS OF THE DATE OF THIS NOTICE, A HEARING WILL BE HELD AT THE DATE, TIME AND PLACE SHOWN BELOW:
DATE AND TIME: October 5, 2007, 9:30 a.m.
PLACE: Room 116, Larson Building, 200 East Gaines Street, Tallahassee,

 

Oct. 8

The Florida DEPARTMENT OF FINANCIAL SERVICES, Office of Insurance Regulation has issued a Notice of Meeting/Workshop Hearing to which all persons are invited.
DATE AND TIME: October 8, 2007, 1:00 p.m. – conclusion
PLACE: Senate Office Building Room 401 (entry via The Capitol), 400 S. Monroe Street, Tallahassee, Florida
GENERAL SUBJECT MATTER TO BE CONSIDERED: To consider a Workers’ Compensation filing made by the National Council on Compensation Insurance, Inc., by which the Council requests an overall average decrease in rate levels of 16.5% for the voluntary market for all new and renewal Workers’ Compensation Insurance policies written in the State of Florida, effective January 1, 2008.

 

Oct. 10 

The Finance and Audit Committee Meeting of the Florida Insurance Guaranty Association announces a Notice of Meeting/Workshop Hearing to which all persons are invited.
DATE AND TIME: October 10, 2007, 1:00 p.m.
PLACE: Hampton Inn & Suites, Tallahassee, Florida
GENERAL SUBJECT MATTER TO BE CONSIDERED: The purpose of the meeting is to discuss general issues of the Finance and Audit Committee.

 

Oct. 11

The Florida DEPARTMENT OF FINANCIAL SERVICES Office of Insurance Regulation has issued a Notice of Meeting/Workshop Hearing NOTICE OF RESCHEDULING – DATE AND TIME: Rescheduled for October 11, 2007, 1:00 p.m.
PLACE: 301 Senate Office Building, Florida Capitol, Tallahassee, FL
GENERAL SUBJECT MATTER TO BE CONSIDERED: American Southern Home Insurance Company has requested a 24.6% overall increase for new and renewal mobile home owners policies. The rate increases are not uniform and some areas are subject to higher rate increases.
Florida law allows the Office of Insurance Regulation to hold a public hearing for any purpose within the scope of the Insurance Code deemed to be necessary. Input from interested parties will be received at this public hearing. If you are unable to attend this public hearing, please forward your comments to ratehearings@fldfs.com. The subject line of your email should read “American Southern”.

 

The Board of Directors’ of the Florida Insurance Guaranty Association announces a Notice of Meeting/Workshop Hearing to which all persons are invited.
DATE AND TIME: October 11, 2007, 9:00 a.m.
PLACE: Hampton Inn & Suites, Tallahassee, Florida
GENERAL SUBJECT MATTER TO BE CONSIDERED: The Board will meet regarding the regular business of the Association.

 

Oct. 15

The Florida DEPARTMENT OF REVENUE, Miscellaneous Tax Department, has issued a Notice of Proposed Rule for RULE NO: RULE TITLE 12B-8.003: Tax Statement; Overpayments
PURPOSE AND EFFECT: The purpose of the proposed amendments to Rule 12B-8.003, F.A.C. (Tax Statement; Overpayments), is to adopt, by reference, changes to forms used by the Department in the administration of the insurance premium tax.
SUMMARY: The proposed amendments to Rule 12B-8.003, F.A.C. (Tax Statement; Overpayments), adopt, by reference, changes to forms used by the Department in the administration of the insurance premium tax.
DATE AND TIME: October 15, 2007, 10:00 a.m.
PLACE: Room 118, Carlton Building, 501 South Calhoun Street, Tallahassee, Florida

 

The Florida DEPARTMENT OF FINANCIAL SERVICES, Office of Insurance Regulation has issued a Notice of Proposed Rule for RULE NO: RULE TITLE
69O-171.002: General Reporting Requirements
69O-171.008: Insurer Experience Reporting – Calendar Year Experience
PURPOSE AND EFFECT: To adopt new technology for insurer reporting.
SUMMARY: Adopts Form for entry of data and instructions.
IF REQUESTED WITHIN 21 DAYS OF THE DATE OF THIS NOTICE, A HEARING WILL BE HELD AT THE DATE, TIME AND PLACE SHOWN BELOW:
DATE AND TIME: October 15, 2007, 9:30 a.m.
PLACE: Room 116, Larson Building, 200 East Gaines Street, Tallahassee, Florida

 

Oct. 18

The Florida DEPARTMENT OF FINANCIAL SERVICES Office of Insurance Regulation has issued a Notice of Proposed Rule for RULE NO: RULE TITLE
69O-149.003: Rate Filing Procedures
69O-149.005: Reasonableness of Benefits in Relation to Premiums
69O-149.007: Annual Rate Certification (ARC) Filing Procedures
PURPOSE AND EFFECT: The purpose of the rule is to establish standards for ascertaining the reasonableness of benefits in relation to premium rates.
SUMMARY: The rule establishes standards that are to be used by insurers in filing health insurance policy forms.  These Rules provide guidelines for insurers so they can be assured the rates they charge are reasonable in relation to benefits. The first amendment relates to pooling of insurance relating to cancer. The second amendment prohibits an insurer from knowingly pricing an individual rate to be charged to an insured to be excessive. The third amendment tightens up the requirements for rate certifications, to make sure that when an insurer annually states its rates meet Florida law, that statement is true.

IF REQUESTED WITHIN 21 DAYS OF THE DATE OF THIS NOTICE, A HEARING WILL BE HELD AT THE DATE, TIME AND PLACE SHOWN BELOW:
DATE AND TIME: October 18, 2007, 9:30 a.m.
PLACE: Room 116, Larson Building, 200 East Gaines Street, Tallahassee, Florida

 

Oct. 30

9:00 a.m. The Capitol   Financial Services Commission/Florida Cabinet Meeting, Final Adoption of Rule

69O-149.002 Rating Rule; Scope and Applicability
The Rule adopts the recent National Association of Insurance Commissioners (NAIC) interstate compact standard for defining incidental for accelerated death benefits.
 

 

Notice of Proposed Rulemaking

The Florida DEPARTMENT OF CORRECTIONS has issued a Notice of Proposed Rule for RULE NO: RULE TITLE 33-601.901: Confidential Records
PURPOSE AND EFFECT: The purpose and effect of the proposed rule is to amend Form DC4-711B, Consent and Authorization for Use and Disclosure Inspection and Release of Confidential Information for compliance with Health Insurance Portability and Accountability Act (HIPAA).
SUMMARY: Form DC4-711B, Consent and Authorization for Use and Disclosure Inspection and Release of Confidential Information, is amended for compliance with Health Insurance Portability and Accountability Act (HIPAA).
IF REQUESTED WITHIN 21 DAYS OF THE DATE OF THIS NOTICE, A HEARING WILL BE SCHEDULED AND ANNOUNCED IN FLORIDA ADMINISTRATIVE WEEKLY.

 

NOTICE OF DISPOSITION

Attorneys’ Title Insurance Fund, Inc. vs. Financial Services Commission, Office of Insurance Regulation; Case No.: 07-3631RP; Rule No.: 69O-186.003 has been dismissed

 

Notice of Final Adopted Rule

Notice of Final Adopted Rule has been posted in Florida Administrative Weekly on Rule Number: Rule Title 5F-8.003 Qualified Inspectors.
(1) Each person seeking to perform amusement ride inspections as a Qualified Inspector (QI) for an insurance underwriter and execute the Affidavit of Compliance and Nondestructive Testing required for the annual permit shall provide the department the following documents and information: