Update — Florida Insurance Calendar: October 17 – 21

Oct 14, 2011

 

PLEASE NOTE:  The October 18, 2011 meeting of the Florida Cabinet will be held at Kennedy Space Center in Cape Canaveral, Florida.  The Florida Hurrricane Catastrophe Fund Advisory Council meeting, also scheduled for October 18, will take place in Tallahassee.

 

Following is a listing of insurance-related Florida legislative and regulatory events for the week of October 17-21, 2011:

All times are Eastern Time (“ET”).  Additional information is available via hyperlink where noted in bold type.

 

FLORIDA INSURANCE LEGISLATIVE EVENTS

 

2011-2012 Interim Committee Meetings

  • There are no insurance-related legislative events scheduled for the week of October 17.   

 

 

FLORIDA INSURANCE REGULATORY EVENTS

 

Monday, October 17

  • Florida Division of Insurance Agents and Agency Services (“IAAS”) Proposed Rule Hearing; 10:00 a.m.  Rule 69B-156.119, entitled “Application in Advertisement,” is being repealed because it is obsolete.  Rules 69B-156.120 and 69B-156.121, entitled “Enforcement Procedures” and “Filing for Review,” are being repealed because they are duplicative of Rules 69O-156.120 and 69O-156.121, respectively.  To view the hearing notice, click here.
  • IAAS Proposed Rule Hearing; 11:00 a.m.  To view the hearing notice, click here.  The following Rules are being repealed because they are obsolete:
    • 69B-177.001:  Salesmen Not to Imply Club is Insurance Company
    • 69B-177.002:  Persons Not Authorized to Solicit or Sell Insurance Unless Licensed as Insurance Agent

Tuesday, October 18

  • Florida Cabinet meeting; 9:00 a.m.
    • State Board of Administration
      • Authorize the Florida Hurricane Catastrophe Fund (“FHCF”) to file Notice of Proposed Rulemaking for proposed Rule 19-8.010, “Reimbursement Contract,” and to file this Rule for adoption if no member of the public requests a Rule hearing.  To view the meeting notice, click here.
  • Florida Surplus Lines Service Office (“FSLSO”) National Clearinghouse Committee meeting; 10:00 a.m. Agenda includes issues pertaining to the proposed national surplus lines tax clearinghouse.  To view the meeting notice, click here.
  • IAAS Proposed Rule Hearing relating to bail bonds; 10:30 a.m.
    • Rule 69B-221.105: Premium Charge Only Permitted. To view the hearing notice, click here.
    • Rule 69B-221.100: Terms and Conditions of Contract; Surrender Form. To view the hearing notice, click here.
  • Florida Hurricane Catastrophe Fund Advisory Council meeting; 1:00 p.m.  Agenda includes discussion of October claims-paying capacity estimates and general business.  Teleconference: 888-808-6959; conference Code: 4765251363.  To view the meeting notice, click here.

Wednesday, October 19

  • Florida Commission on Hurricane Loss Projection Methodology (“FCHLPM”) meeting: 9:00 a.m. to 4:00 p.m.  Adoption of 2011 Standards of Acceptability and Report of Activities.  Teleconference:  888-808-6959; conference code:  4765251363.  To view the meeting notice, click here.
  • Florida Division of Workers’ Compensation (“DWC”) Rule Development Workshop; 9:30 a.m.  Proposed amendments to Rule 69L-5.201 would allow an affiliated self-insurer structure and utilization of the financial strength of a parent company for purposes of providing a parental guaranty for affiliated self-insurers under Rule 69L-5.215, where the parent company could, but elects to not hold the self-insurance authorization.  To view the hearing notice, click here.
  • Florida Board of Employee Leasing Companies (“BELC”) meeting; 10:00 a.m.  Teleconference:  888-808-6959; conference code:  9226020.  To view the meeting notice, click here.

Thursday, October 20

  • FCHLPM meeting: 9:00 a.m. to 4:00 p.m.  Continuation of discussion and consideration of adoption of 2011 Standards and Report of Activities.  Teleconference:  888-808-6959; conference code:  4765251363.  To view the meeting notice, click here.
  • FSLSO National Clearinghouse Committee meeting; 10:00 a.m.  Agenda includes issues pertaining to the proposed national surplus lines tax clearinghouse.  To view the meeting notice, click here.

 

LOOKING AHEAD

 

Tuesday, October 25

  • FSLSO National Clearinghouse Committee meeting; 10:00 a.m.  Agenda includes issues pertaining to the proposed national surplus lines tax clearinghouse.  To view the meeting notice, click here.
  • Florida Automobile Joint Underwriting Association Board meeting; 11:30 a.m.  Agenda includes discussion of the Servicing Provider Agreement.  Teleconference:  877-826-6967; conference code:  2867636526#.  To view the meeting notice, click here.

Wednesday, October 26

  • FSLSO Compensation Committee meeting; 8:30 a.m.  To view the meeting notice, click here.
  • FSLSO Board of Governors Quarterly Business meeting; 9:00 a.m.  To view the meeting notice, click here.
  • Florida Department of Revenue Proposed Rule Hearing; 10:00 a.m. 
    • Proposed amendments to Rule Chapter 12B-8, “Insurance Premium Taxes, Fees and Surcharges”, would update statutory and rule references, remove unnecessary effective dates, remove provisions regarding the emergency excise tax repealed effective January 1, 2012, by Section 22, Chapter 2011-76, L.O.F., and provide technical changes.  To view the hearing notice, click here.
      • 12B-8.001: Premium Tax; Rate and Computation
      • 12B-8.0012: Insurance Policy Surcharge; Rate and Computation
      • 12B-8.003: Tax Statement; Overpayments
      • 12B-8.006: State Fire Marshal Regulatory Assessment and Surcharge; Levy and Amount
      • 12B-8.007: Deposit of Certain Tax Receipts; Refund of Improper Payments
      • 12B-8.016: Retaliatory Provisions
    • Proposed amendments to the following Rules would incorporate changes in Chapter 2011-123, L.O.F., which extends the period for which tax credits authorized under the Florida Tax Credit Scholarship Program may be taken from three years to five years; eliminates the 75 percent limitation on the corporate income tax and insurance premium tax credits; and allows taxpayers who have previously rescinded a tax credit more than once to obtain approval to rescind an outstanding tax credit.  To view the hearing notice, click here.
      • 12-29.002: Florida Tax Credit Scholarship Program; Participation; Allocation; Carryforward; Rescindment
      • 12-29.003: Florida Tax Credit Scholarship Program; Applications

Thursday, October 27

  • FSLSO National Clearinghouse Committee meeting; 10:00 a.m.  Agenda includes issues pertaining to the proposed national surplus lines tax clearinghouse.  To view the meeting notice, click here.

Tuesday, November 1

  • Florida Insurance Guaranty Association (“FIGA”) Finance and Audit Committee meeting.

Monday, November 7

  • IAAS Proposed Rule Hearing; 10:00 a.m.  The following Rules are being repealed because they are duplicative of Rules 69O-175.006, 69O-175.008, and 69O-175.010, F.A.C.  To view the hearing notice, click here.
    • 69B-175.006:  Unfair Discrimination in Private Passenger Motor Vehicle Insurance Rates – Allocation of Administrative Expenses
    • 69B-175.008:  Unfair Discrimination in Private Passenger Motor Vehicle Insurance Rates – Based on History of Accidents
    • 69B-175.010:  Unfair Discrimination in Private Passenger Motor Vehicle Insurance – Based on Age
  • IAAS Proposed Rule Hearing; 11:00 a.m. The following Rule is being repealed because it is obsolete. To view the hearing notice, click here.

Wednesday, November 16

  • Florida Self-Insurers Guaranty Association Board of Directors Annual meeting; 12:00 p.m.
  • DWC Three-Member Panel meeting; 1:00 p.m. to 3:00 p.m.  Agenda includes discussion of potential reform for various DWC responsibilities, follow-up on recommendations provided to the Legislature in the 2011 Three-Member Panel Biennial Report, an update on DWC initiatives relating to the recently enacted pill mill legislation and consideration of an update to the uniform schedule of maximum reimbursement allowances for Ambulatory Surgical Centers.  To view the meeting notice, click here. 
  • BELC Meeting.  Further information is forthcoming.

Thursday, November 17

  • Florida Workers’ Compensation Joint Underwriting Association (“FWCJUA”) Audit Committee meeting; 10:00 a.m.  To view the meeting notice, click here.  To view the agenda, click here.

 Friday, November 18

  • FWCJUA Investment Committee meeting; 10:00 a.m.  To view the meeting notice, click here.  To view the agenda, click here.

Tuesday, November 29

  • FWCJUA Operations Committee meeting; 10:00 a.m.  To view the meeting notice, click here.  To view the agenda, click here.
  • FWCJUA Rates and Forms Committee meeting; 1:00 p.m.  To view the meeting notice, click here.  To view the agenda, click here.

Wednesday, November 30

  • FWCJUA Executive Compensation Committee meeting; 11:00 a.m.  To view the meeting notice, click here.  To view the agenda, click here.
  • FWCJUA Reinsurance Committee; 2:00 p.m.  To view the meeting notice, click here.  To view the agenda, click here.

Thursday, December 1

  • FIGA Board of Directors meeting.

Tuesday, December 6

  • FWCJUA Board of Governors meeting; 10:00 a.m. To view the meeting notice, click here.

Wednesday, December 7

  • Florida Workers’ Compensation Insurance Guaranty Association Board of Directors meeting.

Wednesday, December 14

  • Citizens Board of Governors meeting; 9:00 a.m.  Teleconference:  888-942-8686; conference code:  8419204389.  To view the meeting notice, click here.

Wednesday, December 21

  • BELC Meeting. Further information is forthcoming.

 

Should you have any questions or comments, please contact Colodny Fass.

 

 

To unsubscribe from this newsletter, please send an email to Brooke Ellis at bellis@cftlaw.com. 

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