Representing:
OFFICE OF INSURANCE REGULATION
The above agencies came to be heard
before
THE FLORIDA CABINET, Honorable Governor Bush
presiding,
in the Cabinet Meeting Room, LL-03, The
Capitol,
Tallahassee, Florida, on Tuesday, December 21,
2004
commencing at approximately 9:15 a.m.
Reported
by:
SANDRA L.
NARGIZ
Registered Professional
Reporter
Registered Merit
Reporter
Certified Realtime Reporter
ACCURATE STENOTYPE REPORTERS,
INC.
2894 REMINGTON GREEN
LANE
TALLAHASSEE, FL 32308 (850)878-2221
.
2
APPEARANCES:
Representing the Florida Cabinet:
JEB
BUSH
Governor
CHARLES H.
BRONSON
Commissioner of Agriculture
CHARLIE
CRIST
Attorney General
TOM
GALLAGHER
Chief Financial
Officer
* * *
.
3
I N D E
X
ITEM
ACTION
PAGE
OFFICE OF INSURANCE
REGULATION
(Presented by Kevin McCarty)
1
Approved
6
CERTIFICATE OF
REPORTER
7
.
4
1
P R O C E E D I N G
S
2 (The
agenda items commenced at 9:15
a.m.)
3
GOVERNOR BUSH: Office of
Insurance
4 Regulation. Kevin,
Merry Christmas to
you.
5
MR. McCARTY: Governor, Merry Christmas to
you
6 and Members of the
Commission.
7
The Office of the Insurance Regulation
is
8 seeking adoption of
emergency rule 690ER04-10
which
9 provides for -- that rule
requires insurers
to
10 extend for personal
residential and
commercial
11 residential insurance
coverage for sustained
damage
12 as a result of 2004
Hurricane or Tropical
Storm
13 Bonnie a 60 day period from
the date the
dwelling
14 has been repaired and
becomes
insurable.
15
The purpose of the rule is to extend
from
16 January 1, 2004, until
March 31st, 2005 --
excuse
17 me, January 5, 2005 to
March 31st, 2005,
to
18 effectuate the rule to
prevent noncancellation
or
19 nonrenewal of policies that
have been damaged as
a
20 result of the
storms.
21
COMMISSIONER GALLAGHER: I have one
amendment
22 I want to add to that rule,
Governor.
23
It would be number 4, to add "upon the
request
24 of the insured," and then
renumber
subsequent
25
sections.
.
5
1
That will allow -- actually if you read
this
2 rule strictly, an insured
couldn't cancel
his
3 policy; so in order to allow
that to happen,
that
4 will add number 4
there. If the person who
was
5 buying the insurance doesn't
want to continue
it
6 and wants to get it
somewhere else, that's
their
7
choice.
8
MR. McCARTY: We would agree with
the
9
amendment.
10
GOVERNOR BUSH: Any discussion? Is there
a
11
motion?
12
COMMISSIONER GALLAGHER: Move
it.
13
GOVERNOR BUSH: As amended, and a
second.
14 Without objection, the item
passes.
15
Kevin, our intent here is to work intensely
to
16 get the legislature to
change the law so that
--
17
MR. McCARTY: That is
correct.
18
GOVERNOR BUSH: -- we have in law what
we
19 have been doing by
emergency
rule?
20
MR. McCARTY: Right. We are able
to
21 accomplish this
administratively, but we would
be
22 working with the House and
Senate leadership
and
23 staff members to put
together a piece
of
24 legislation that would
codify the intent of
this
25 emergency
rule.
.
6
1
GOVERNOR BUSH: Okay. Thank you very
much.
2
MR. McCARTY: Happy
Holidays.
3
GOVERNOR BUSH: Happy Holidays. The motion
is
4 approved without
objection.
5
COMMISSIONER GALLAGHER: As
amended.
6
(The proceedings concluded at 9:30
a.m.)
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
.
7
1
2
CERTIFICATE OF
REPORTER
3
4
5
6 STATE OF
FLORIDA
)
7 COUNTY OF
LEON
)
8
9
I, SANDRA L. NARGIZ, RMR, CRR, certify that
I
10 was authorized to and did stenographically report
the
11 proceedings herein, and that the transcript is a
true
12 and complete record of my stenographic
notes.
13
I further certify that I am not a
relative,
14 employee, attorney or counsel of any of the parties,
nor
15 am I a relative or employee of any of the
parties'
16 attorney or counsel connected with the action, nor am
I
17 financially interested in the
action.
18
WITNESS my hand and official seal this 5th
day
19 of January,
2005.
20
21
______________________________
22
SANDRA L. NARGIZ, RMR,
CRR
22
2894 REMINGTON GREEN
LANE
23
TALLAHASSEE, FL
32308
23
850-878-2221
24
25
.
Cabinet
Affairs
