HB 1523

1	A bill to be entitled
2	An act relating to insurer rate filing obligations;
3	amending s. 627.091, F.S.; deleting an alternative
4	authorization for insurers to satisfy certain rate filing
5	obligations; providing an effective date.
6
7	Be It Enacted by the Legislature of the State of Florida:
8
9	Section 1.  Subsections (4), (5), and (6) of section
10	627.091, Florida Statutes, are amended to read:
11	627.091  Rate filings; workers' compensation and employer's
12	liability insurances.--
13	(4)  An insurer may satisfy its obligation to make such
14	filings by becoming a member of, or a subscriber to, a licensed
15	rating organization which makes such filings and by authorizing
16	the office to accept such filings in its behalf; but nothing
17	contained in this chapter shall be construed as requiring any
18	insurer to become a member or a subscriber to any rating
19	organization.
20	(4)(5)  Pursuant to the provisions of s. 624.3161, the
21	office may examine the underlying statistical data used in such
22	filings.
23	(5)(6)  Whenever the committee of a recognized rating
24	organization with responsibility for workers' compensation and
25	employer's liability insurance rates in this state meets to
26	discuss the necessity for, or a request for, Florida rate
27	increases or decreases, the determination of Florida rates, the
28	rates to be requested, and any other matters pertaining
29	specifically and directly to such Florida rates, such meetings
30	shall be held in this state and shall be subject to s. 286.011.
31	The committee of such a rating organization shall provide at
32	least 3 weeks' prior notice of such meetings to the office and
33	shall provide at least 14 days' prior notice of such meetings to
34	the public by publication in the Florida Administrative Weekly.
35	Section 2.  This act shall take effect July 1, 2006.

CODING: Words stricken are deletions; words underlined are additions.