Florida Insurance Calendar: March 15-19

Mar 15, 2010

Following is a listing of insurance-related Florida legislative and regulatory events for the week of March 15-19, 2010:

Note:  All times are Eastern Standard Time.  Additional information is available via hyperlink were noted in bold type.

 

FLORIDA INSURANCE LEGISLATIVE EVENTS

To view Florida Legislative Session Block Calendars for March 15-19, click on the hyperlinks below:

Wednesday, March 17  

  • Senate Committee on Banking and Insurance; 1:00 p.m. to 3:00 p.m. Agenda includes:
    • SB 740 relating to the Florida Office of Insurance Regulation
    • SB 648 relating to Building Safety
    • SB 2264 relating to Public Adjusters
  • House Insurance, Business & Financial Affairs Policy Committee; 1:00 p.m. to 5:00 p.m.
    • HB 447 relating to Residential Property Insurance
    • HB 885 relating to Life Insurance

 

FLORIDA INSURANCE REGULATORY EVENTS 

Tuesday, March 16  

  • CANCELED/NO HEARING REQUESTED: Florida Office of Insurance Regulation (“OIR”) Rule Hearing; Insurance agent licensing-related penalties; 9:00 a.m. To view the meeting notice and proposed Rule text, click here.
  • CANCELED/NO HEARING REQUESTED: OIR Rule Hearing; proposed Rule 69B-211.320 Curriculum Standards for Special Designation would add the Certified Adjuster (CA) designation identified in Section 626.221(2)(k), F.S.; 9:30 a.m. To view the meeting notice and proposed Rule text, click here.

Wednesday, March 17

  • Florida Hurricane Catastrophe Fund (“FHCF”) Rulemaking; the Florida State Board of Administration is seeking to amend regulations relating to the FHCF Reimbursement Contract. To view the meeting notice and text of the proposed Rules, click here.
  • Florida Board of Employee Leasing Companies Board Meeting; 10 a.m. via teleconference. To access the meeting notice and call-in information, click here.
  • Citizens Property Insurance Corporation (“Citizens”) Market Accountability Advisory Committee Meeting; 1:00 p.m. To view meeting materials and teleconference information, click here.
  • Citizens Audit Committee Meeting; 4:00 p.m. To view meeting materials and teleconference information, click here.
  • Florida Board of Employee Leasing Companies Board Meeting; 10 a.m. For meeting notice and call-in information, click here.

Thursday, March 18

  • Citizens Board of Governors Meeting; 10:30 a.m. To access meeting materials and call-in information, click here.
  • Citizens Finance and Investment Committee Meeting; 9:00 a.m. To access meeting materials and call-in information, click here.
  • The FHCF Advisory Council meets to obtain approval for the reimbursement premium formula for the 2010 FHCF Contract Year,approval to file proposed Rule 19-8.028 Reimbursement Premium Formula for Notice of Proposed Rulemaking, as well as to file it for adoption if no public hearing is requested. To view the meeting notice, click here.

 

LOOKING AHEAD

March 22

  • OIR Rule Development Workshop; 69B-210.010: Unlawful Inducements, Title Insurance; 2:30 p.m. For meeting information, click here.

March 23

  • Florida Cabinet (Note: Meeting begins at 2 p.m.). To view the agenda, click here.
    • State Board of Administration
      • Will address and act on the need to raise additional revenue to fund the obligations, costs and expenses of the FHCF and the Florida Hurricane Catastrophe Fund Finance Corporation
    • Florida Department of Revenue
      • Insurance premium tax and corporate income tax credits for contributions to non-profit scholarship funding organizations; proposed Rules to administratively implement recent statutory changes regarding the tax credits for Florida Alternative Minimum Tax and contributions to non-profit scholarship funding organizations

March 24

  • OIR Proposed Rule Hearing: Health care-related rules are being amended to publish the new business rates that will be effective for 2010; 9:30 a.m. Click here to view the complete meeting notice and proposed Rule text. Agenda includes:

March 25

  • Florida Hurricane Catastrophe Fund Advisory Council.  This additional time has been scheduled for a continuation of the March 18 meeting if required.

March 25-28

  • National Association of Insurance Commissioners Spring 2010 National Meeting; Denver, Colorado

March 30

  • Florida Department of Financial Services, Division of Workers’ Compensation Rule Development Workshop on proposed Rule 69L-6.026: Periodic Reports relating to reporting requirements for employers released from stop-work orders for which assessed penalties exceed $50,000 for violation of the coverage requirements of Chapter 440, F.S.

April 6

  • OIR Rule Development Workshop; 9:30 a.m. Rule amendments would adopt the 2010 NAIC Quarterly Statement Instructions and 2010 NAIC accounting practices and procedures manual. To view the meeting notice, click here.
    • 69O-137.001: Annual and Quarterly Reporting Requirement

April 8

  • OIR public rate hearing: Cotton States Mutual Insurance Company; 1:00 p.m.

 

Pending Rule Development

  • The OIR advises that it will be considering proposed Rule 69O-138.001: NAIC Financial Condition Examiners Handbook Adopted. The current Rule adopted the 2009 version.

 

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

 

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