Regulatory Update: Week of Sept. 10, 2007
Sep 11, 2007
Below is a listing of upcoming insurance-related regulatory hearings and meetings:
September 12
The Citizens Property Insurance Corporation announces an Executive Committee Meeting to which all interested persons are invited.
DATE AND TIME: Wednesday, September 12, 2007, 9:00 a.m. (EDT)
PLACE: Conference Call 1(800)245-3047
GENERAL SUBJECT MATTER TO BE CONSIDERED: Item of discussion includes, but is not limited to, the Systematic Review and Evaluation of Service Levels.
September 19
Citizens Property Insurance Corporation Meetings
Citizens Property Insurance Corporation (“Citizensâ€) has scheduled the following meetings for September 19-20, 2007 at the DoubleTree Hotel, located at 101 South Adams Street – Tallahassee, FL 32301:
Wednesday, September 19, 2007
• 1:00 – 2:30 p.m. Market Accountability Advisory Committee
o (1-800-225-9448)
• 3:00 – 4:00 p.m. Audit Committee
o (1-800-768-6513)
• 4:30 – 5:30 p.m. Finance and Investment Committee
o (1-800-245-3047)
Thursday, September 20, 2007
• 8:00 – 8:45 a.m. Florida Market Assistance Plan Board of Governors
o (1-800-225-9448)
• 9:00 – 12:00 p.m. Board of Governors
o (1-800-245-3047)
September 19
The Florida Cabinet will meet Wednesday, September 19, 2007 at 9 a.m. The meeting agenda is below. Click on the links below to view each Department’s respective agenda.
Agenda Order:
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Financial Services Commission-Office of Financial Regulation
Financial Services Commission-Office of Insurance Regulation
Department of Highway Safety and Motor Vehicles
Board of Trustees of the Internal Improvement Trust Fund
September 17
The Florida Health Insurance Advisory Board announces a meeting of its Board of Directors to which all interested persons are invited.
DATE AND TIME: September 17, 2007, 12:00 Noon – 5:00 p.m.
PLACE: Senate Office Building, Room 401, 404 South Monroe Street, Tallahassee, FL
GENERAL SUBJECT MATTER TO BE CONSIDERED: The Board will conduct regular business of the Program, hear reports and plan meetings for the year.
A copy of the agenda may be obtained by calling (850)422-7766.
September 18
The Florida Department Of Financial Services, Office of Insurance Regulation has issued a Notice of Meeting/Workshop Hearing regarding Cincinnati Insurance Company and Cincinnati Indemnity Company, which have requested an overall rate increase of 14.5% for its dwelling fire policy forms (FCP 07-11681), and a 37.5% overall rate increase for its homeowners policy forms (FCP 07-11682).
DATE AND TIME: September 18, 2007, 10:00 a.m.
PLACE: Cabinet Meeting Room, Lower Level, The Capitol, Tallahassee, FL
The Florida Department of Financial Services, Office of Insurance Regulation, has issued a Notice of Meeting/Workshop Hearing regarding American Southern Home Insurance Company.
DATE AND TIME: September 18, 2007, 1 p.m.
PLACE: Cabinet Meeting Room, Lower Level, The Capitol, Tallahassee, FL.
September 28
The Department of Management Services announces a Notice of Meeting/Workshop Hearing of the Florida State Employee Wellness Council to which all interested persons are invited.
DATE AND TIME: September 28, 2007, 10:00 a.m. – 3:00 p.m.
PLACE: Vistakon, Deerwood Park Manufacturing Facility, 7500 Centurion Parkway, Jacksonville, FL 32256
General Subject Matter To Be Considered: The Council, as created by Section 110.123(13), Florida Statutes, is an advisory body to the department, created to provide health education information to employees and to assist the department in developing minimum benefits for all health care providers when providing age-based and gender-based wellness benefits.
October 5
The Florida Department Of Financial Services, Office of Insurance Regulation has issued a Notice of Proposed Rule regarding Rule No: Rule Title 69O-149.003: Rate Filing Procedures
PURPOSE AND EFFECT: Annually publish the medical trend used by health insurers.
SUMMARY: Medical trends have gone down.
If requested within 21 days of the date of this notice, a hearing will be held at the date, time and place below:
DATE AND TIME: October 5, 2007, 9:30 a.m.
PLACE: Room 116, Larson Building, 200 East Gaines Street, Tallahassee, Florida
Notice of Development of Rulemaking
The Florida State Board Of Administration has issued a Notice of Development of Rulemaking for Rule No: Rule Title 19-15.001: Insurance Capital Build-Up Incentive Program
PURPOSE AND EFFECT: The SBA proposes to make changes to Form 15-3, Quarterly Net Written Premium Report, which is incorporated into Rule 19-15.001, F.A.C., to improve administration of the Program.
Subject Area To Be Addressed: The amendments to Form 15-3, Quarterly Net Written Premium Report.
If requested in writing by 4:00 p.m. (et) on Tuesday, September 18, 2007, and not deemed unnecessary by the agency head, a Rule Development Workshop will be noticed in the next available Florida Administrative Weekly.
Should you have any questions or comments, please do not hesitate to contact this office.