Volume 3, No. 7 - August 2014

In The Know

- Keeping you informed is what it's all about

Health Agents Registering for the Federally-facilitated Marketplace

The federal Centers for Medicare & Medicaid Services' (CMS) Center for Consumer Information & Insurance Oversight (CCIIO) has issued a guide to agents for Registering to Participate in the Federally-Facilitated Marketplace (FFM) for the 2015 Plan Year.

They have also issued to agents a Step-By-Step Guide to Plan Year 2015 Federally-facilitated Marketplace Registration with MLN and EIDM Screen Shots as an in-depth registration resource.

CMS Guidance Regarding Training, Certification, and Recertification for Navigator Grantees and Non-Navigator Assistance Personnel in the Federally-facilitated Marketplace

In preparation for the Open Enrollment Period beginning November 15, 2014 for the 2015 plan year in the individual market, CMS is updating the Navigator and non-Navigator assistance personnel training curriculum for the Federally-facilitated Marketplace. The updated training will be available in early September. In the guide below, CMS refers to this updated training curriculum as the "2015 training" and refers collectively to these assister types as "assisters." To allow current assisters to take advantage of the full scope of improvements and updates to the training modules, all assisters, whether they are seeking recertification or initial certification, will be required to complete the 2015 training.

Click here to read the CMS guide regarding Training, Certification, and Recertification for Navigator Grantees and Non-Navigator Assistance Personnel in the Federally-facilitated Marketplace (FFM) for the 2015 Plan Year.

FSLSO Alert: Discontinuation of Florida Hurricane Catastrophe Fund Emergency Assessment (FHCF)

BULLETIN: 2014-01
TO: Florida Surplus Lines Agents and Independently Procured Coverage (IPC) filers
FROM: Gary D. Pullen, Executive Director, Florida Surplus Lines Service Office (FSLSO)
DATE: July 28, 2014
SUBJECT: Discontinuation of Florida Hurricane Catastrophe Fund Emergency Assessment (FHCF)

The purpose of this bulletin is to inform you that the Florida Office of Insurance Regulation (OIR) has directed the Florida Surplus Lines Service Office (FSLSO), by order, to discontinue assessing the Florida Hurricane Catastrophe Fund (FHCF) emergency assessment on applicable surplus lines policies issued or renewed with an effective date on or after January 1, 2015.

For policies issued or renewed with an effective date on or after January 1, 2015, the Florida Hurricane Catastrophe Fund assessment will no longer be assessed.

For policies issued or renewed with an effective date between January 1, 2011 - December 31, 2014, and all subsequent endorsements to those policies, the Florida Hurricane Catastrophe Fund assessment will continue to be charged at 1.3%.

For policies issued or renewed with an effective date between January 1, 2007 - December 31, 2010, and all subsequent endorsements to those policies, the Florida Hurricane Catastrophe Fund assessment will continue to be charged at 1.0%.

Business rules for calculating the FHCF assessment will be programmed into FSLSO's management system. You do not need to make any changes for SLIP or XML batch filing. However, you may need to contact your agency's information technology vendor or staff regarding needed revisions to your agency management system that may be necessary to calculate the revised FHCF assessment.

The FHCF assessment is refundable on a proportional basis for return premium endorsements and cancellations. FSLSO will continue to collect the assessment, if applicable, by generating a quarterly invoice specific to the Florida Hurricane Catastrophe Fund emergency assessment.

A complete copy of the Florida OIR Order #156729-14 discontinuing the FHCF assessment is available here.
For further information, please contact the FSLSO toll-free at 800.562.4496, email easy@fslso.com or visit their website, www.fslso.com.