CALENDAR: Insurance-Related Meetings–September 7-11
Sep 8, 2009
Wednesday, September 9
FWCJUA Board of Governors Meeting
The FWCJUA Board of Governors will meet via teleconference on Wednesday, September 9 at 8:30 a.m. To view the meeting agenda, click here.
NAIC Life Insurance and Annuities Committee Meeting
The NAIC Life Insurance and Annuities Committee will meet via teleconference on Wednesday, September 9 at 1:00 p.m. (EST). The registration call-in number is: 412.317.6715. The following comments on Standard Valuation Law (Model #820) have been received:
- August 21, 2009 comments from Kermitt Brooks, First Deputy Superintendent, New York State Insurance Department
- Comments from John Bruins, Senior Actuary, American Council of Life Insurance (“ACLI”)
- September 2, 2009 comments from Thomas Sullivan, Chair, American Academy of Actuaries
Friday, September 11
NAIC Catastrophe Subgroup Meeting
The NAIC Catastrophe Subgroup of the Casualty Actuarial and Statistical Task Force will meet via teleconference on Friday, September 11 at 2:00 p.m. (EST) to discuss hurricane and earthquake-related issues. The registration call-in number is: 412.317.6715.
NAIC Annuity Disclosure Working Group Meeting
The NAIC Annuity Disclosure Working Group of the Life Insurance and Annuities Committee will meet via teleconference on Friday, September 11 at 3:00 p.m. (EST) to discuss guaranty fund disclosure and annuity buyers’ guides. The registration call-in number is: 412.317.6715.
LOOKING AHEAD
Tuesday, September 15
Cabinet Meeting
Florida Governor Charlie Crist and the Cabinet (“Cabinet”) will meet on Tuesday, September 15 at 9:00 a.m. in the Cabinet Meeting Room, Lower Level, The Capitol, Tallahassee. Insurance-related agenda items include:
- Follow-up discussion on the property insurance presentation given by Insurance Commissioner Kevin McCarty during the August 11 Cabinet meeting. To view Commissioner McCarty’s report, click here.
- The Trustees of the State Board of Administration will meet to appoint an actuary to the Florida Hurricane Catastrophe Fund Advisory Council.
To view the complete Cabinet meeting agenda, click here.
OIR Rule Hearing
The Florida DFS, Office of Insurance Regulation (“OIR”) has scheduled the following hearing regarding proposed Rules for insurer reporting requirements and financial examinations (click on the hyperlinks below to access the complete Rule text and other information):
- 69O-137.001: Annual and Quarterly Reporting Requirements
This Rule is being amended to adopt the 2009 NAIC Quarterly Statement Instructions and the 2009 NAIC Accounting Practices and Procedures Manual. Florida law requires insurers to file quarterly and annual financial reports with the OIR. The proposed Rule would ensure that all reports are in a standard format that provides the information needed to evaluate an insurer’s financial condition. In addition, by adopting the 2009 versions of the manuals, the OIR is negating any potential challenges by insurers regarding the use of manuals that have not been formally adopted.
To view the Rule Hearing Notice, click here.
- 69O-138.001: NAIC Financial Condition Examiners Handbook Adopted
This Rule is being amended to adopt the 2009 NAIC Financial Condition Examiners Handbook. The current Rule adopted the 2008 version. Florida law requires the OIR to examine an insurer’s financial condition using generally accepted accounting procedures. By adopting the newest version of the Handbook, the proposed Rule would help ensure that the OIR procedures used to examine insurers are based upon the current generally accepted accounting practices.
To view the Rule Hearing Notice, click here.
If a Rule Hearing is requested in writing and not deemed unnecessary by the agency head, one will be held for both proposed Rules at the date, time, and place shown below:
Date: Tuesday, September 15, 2009
Time: 9:30 a.m.
Place: Room 143 of the Larson Building, 200 East Gaines Street, Tallahassee
Tuesday, September 15 through Thursday, September 17
Florida Commission on Hurricane Loss Projection Methodology Meetings
The Florida Commission on Hurricane Loss Projection Methodology (“FCHLPM”) will meet from 9:00 a.m. through 5:00 p.m. on Tuesday, September 15, Wednesday, September 16, and Thursday, September 17, in the Hermitage Centre Conference Room, Hermitage Centre, 1801 Hermitage Boulevard, Tallahassee. The call-in number for this meeting is: 888.808.6959; conference code: 4765251363.
On September 17, the FCHLPM Windstorm Committee is scheduled to hold the second in a series of hearings on the implementation of windstorm mitigation discounts, credits, other rate differentials and appropriate reductions in insurance deductibles.
To view the meeting Notice, click here.
Monday, September 21 through Thursday, September 24
NAIC Fall 2009 National Meeting
The NAIC will hold its Fall 2009 National Meeting on Monday, September 21, through Thursday, September 24, 2009, in Washington, D.C. To view the tentative meeting agenda, click here. To view the meeting preview, click here.
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