| 1 | A bill to be entitled |
| 2 | An act relating to the repeal of health insurance |
| 3 | provisions; amending s. 627.64872, F.S.; deleting a |
| 4 | requirement that the annual report of The Florida Health |
| 5 | Insurance Plan's board of directors include certain |
| 6 | actuarial information relating to levels of coverage and |
| 7 | funding; amending s. 627.6699, F.S.; deleting a |
| 8 | requirement that the Office of Insurance Regulation of the |
| 9 | Department of Financial Services annually report to the |
| 10 | Governor and the Legislature concerning the Small |
| 11 | Employers Access Program; providing an effective date. |
| 12 |
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| 13 | Be It Enacted by the Legislature of the State of Florida: |
| 14 |
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| 15 | Section 1. Subsection (6) of section 627.64872, Florida |
| 16 | Statutes, is amended to read: |
| 17 | 627.64872 Florida Health Insurance Plan.- |
| 18 | (6) ANNUAL REPORT.-The board shall annually submit to the |
| 19 | Governor, the President of the Senate, and the Speaker of the |
| 20 | House of Representatives a report that includes an independent |
| 21 | actuarial study to determine, without limitation, the following: |
| 22 | (a) The effect the creation of the plan has on the small |
| 23 | group and individual insurance market, specifically on the |
| 24 | premiums paid by insureds, including an estimate of the total |
| 25 | anticipated aggregate savings for all small employers in the |
| 26 | state. |
| 27 | (b) The actual number of individuals covered at the |
| 28 | current funding and benefit level, the projected number of |
| 29 | individuals that may seek coverage in the forthcoming fiscal |
| 30 | year, and the projected funding needed to cover anticipated |
| 31 | increase or decrease in plan participation. |
| 32 | (b)(c) A recommendation as to the best source of funding |
| 33 | for the anticipated deficits of the pool. |
| 34 | (c)(d) A summary of the activities of the plan in the |
| 35 | preceding calendar year, including the net written and earned |
| 36 | premiums, plan enrollment, the expense of administration, and |
| 37 | the paid and incurred losses. |
| 38 | (d)(e) A review of the operation of the plan as to whether |
| 39 | the plan has met the intent of this section. |
| 40 |
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| 41 | The board may not implement the Florida Health Insurance Plan |
| 42 | until funds are appropriated for startup costs and any projected |
| 43 | deficits; however, the board may complete the actuarial study |
| 44 | authorized in this subsection. |
| 45 | Section 2. Paragraph (l) of subsection (15) of section |
| 46 | 627.6699, Florida Statutes, is amended to read: |
| 47 | 627.6699 Employee Health Care Access Act.- |
| 48 | (15) SMALL EMPLOYERS ACCESS PROGRAM.- |
| 49 | (l) Annual reporting.-The office shall make an annual |
| 50 | report to the Governor, the President of the Senate, and the |
| 51 | Speaker of the House of Representatives. The report shall |
| 52 | summarize the activities of the program in the preceding |
| 53 | calendar year, including the net written and earned premiums, |
| 54 | program enrollment, the expense of administration, and the paid |
| 55 | and incurred losses. The report shall be submitted no later than |
| 56 | March 15 following the close of the prior calendar year. |
| 57 | Section 3. This act shall take effect July 1, 2011. |