FINANCIAL SERVICES COMMISSION Office of Insurance ...

FINANCIAL SERVICES COMMISSION Office of Insurance Regulation

Materials Available on the Web at:

December 6, 2016

MEMBERS Governor Rick Scott Attorney General Pam Bondi Chief Financial Officer Jeff Atwater Commissioner Adam Putnam

Contact: ITEM

Caitlin Murray (850-413-5005)

SUBJECT

9:00 A.M. LL-03, The Capitol Tallahassee, Florida

RECOMMENDATION

1. Minutes of the Financial Services Commission for September 20, 2016.

(ATTACHMENT 1)

FOR APPROVAL

2. Request for Approval for Publication of Repeal of Rules 69P-5.001 through 69P-5.012

The rules address the procedures applicable to Surplus Lines insurers and agents related to collection of taxes. This function is now governed by the Florida Surplus Lines Service Office. The rules are now obsolete and should be repealed.

(ATTACHMENT 2)

APPROVAL FOR PUBLICATION

3. Request for Approval for Final Adoption of Amendments to Rule 69O-161.001,.009,.010, .011; Prior Authorization Forms

Section 627.42392, Florida Statutes, requires the Financial Services Commission to develop a standard Prior Authorization Form as well as guidelines for prior authorization forms. The rule will establish guidelines for all prior authorization forms which ensure the general uniformity of such forms, and to adopt a prior authorization form for use by health insurance issuers which do not provide an electronic prior authorization process for use by its contracted providers.

(ATTACHMENT 3)

APPROVAL FOR FINAL ADOPTION

4. Office of Insurance Regulation 1st Quarter Report FY 2016-17

(ATTACHMENT 4)

FOR APPROVAL

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STATE OF FLORIDA

2

3

4 IN RE: MEETING OF THE GOVERNOR AND CABINET

5 _________________________________________/

6

7

8

9 CABINET MEMBERS: 10 11 12

GOVERNOR RICK SCOTT ATTORNEY GENERAL PAM BONDI CHIEF FINANCIAL OFFICER

JEFF ATWATER COMMISSIONER OF AGRICULTURE

ADAM PUTNAM

13 DATE:

TUESDAY, SEPTEMBER 20, 2016

14 LOCATION:

15

16

CABINET MEETING ROOM LOWER LEVEL, THE CAPITOL TALLAHASSEE, FLORIDA

17 REPORTED BY: 18

NANCY S. METZKE, RPR, FPR COURT REPORTER

19

20

21

22

C & N REPORTERS

POST OFFICE BOX 3093

23

TALLAHASSEE, FLORIDA 32315-3093

(850) 697-8314

/

FAX (850) 697-8715

24

nancy@



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INDEX

2

3 Office of Financial Regulation

By Commissioner Breakspear

4

Office of Insurance Regulation

5

By Commissioner Altmaier

6 Highway Safety and Motor Vehicles

By Executive Director Rhodes

7

Florida Department of Law Enforcement

8

By Commissioner Swearingen

9 Department of Revenue

By Executive Director Biegalski

10

Department of Veterans' Affairs

11

By Executive Director Sutphin

12 Administration Commission

By Judge Cohen

13

Board of Trustees of the Internal

14

Improvement Trust Fund

By Deputy Secretary Clark

15

Division of Bond Finance

16

By Director Watkins

17 Space Florida

By CEO DiBello

18

State Board of Administration

19

By Director Williams

20

21

*

**

22

23

24

25

2

PAGE NO. 4 14 61 71 89 97 107

109 153 157 161

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C & N REPORTERS TALLAHASSEE, FLORIDA

850-697-8314

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1

OFFICE OF INSURANCE REGULATION

2

3

GOVERNOR SCOTT: Next I would like to

4

recognize David Altmaier with the Office of

5

Insurance Regulation.

6

Good morning, David.

7

COMMISSIONER ALTMAIER: Good morning,

8

Governor. Good morning, Cabinet. It's great to be

9

here this morning.

10

So what I thought that I would do before I get

11

started into our actual agenda is just give quick

12

updates on the claims experience that we're seeing

13

with Hurricane Hermine.

14

As you all are likely aware, immediately

15

following landfall of the storm, we initiated a

16

data call to our industry and began to collect

17

information about the experience that they were

18

having with claims.

19

That information is up to date. As of this

20

past Friday, we've had 205 companies submit

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information to us. At this point in time we have

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14,890 claims that have been filed. The industry

23

expects that those will cost approximately

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$80 million.

25

So those are numbers that we expect to

C & N REPORTERS TALLAHASSEE, FLORIDA

850-697-8314

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