| 1 | Representative Ross offered the following: |
| 2 |
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| 3 | Amendment Remove line(s) 96-121 and insert: |
| 4 | predatory pricing or a material underpricing relative to market |
| 5 | conditions. The office It shall disapprove the deviation if it |
| 6 | finds that the resulting premiums would be excessive, |
| 7 | inadequate, or unfairly discriminatory, would endanger the |
| 8 | financial condition of the insurer, or would adversely affect |
| 9 | current market conditions including the composition of the |
| 10 | marketplace, the stability of rates, and the level of |
| 11 | competition in the market, or would result in predatory pricing |
| 12 | or a material underpricing relative to market conditions. The |
| 13 | insurer may not use a deviation unless the deviation is |
| 14 | specifically approved by the office. |
| 15 | (6) The office shall submit an annual report to the |
| 16 | President of the Senate and the Speaker of the House of |
| 17 | Representatives by January 1 of each year which evaluates |
| 18 | competition in the workers' compensation insurance market in |
| 19 | this state. The report must contain an analysis of the |
| 20 | availability and pricing of workers' compensation coverage and |
| 21 | whether the current market structure, conduct, and performance |
| 22 | are conducive to competition, based upon economic analysis and |
| 23 | tests. The purpose of this report is to aid the Legislature in |
| 24 | determining whether changes to the workers' compensation rating |
| 25 | laws are warranted. The report must also document that the |
| 26 | Workers' Compensation Rating Bureau has complied with the |
| 27 | provisions of s. 627.096. |