Florida Senate - 2014                        COMMITTEE AMENDMENT
       Bill No. PCS (722116) for CS for SB 1260
       
       
       
       
       
       
                                Ì192956OÎ192956                         
       
                              LEGISLATIVE ACTION                        
                    Senate             .             House              
                  Comm: RCS            .                                
                  04/24/2014           .                                
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       The Committee on Appropriations (Richter) recommended the
       following:
       
    1         Senate Amendment (with title amendment)
    2  
    3         Delete lines 1274 - 1298
    4  and insert:
    5         (2) A retrospective rating plan may contain a provision
    6  that allows for the negotiation of premium between the employer
    7  and the insurer for employers having exposure in more than one
    8  state, an estimated annual standard premium in this state of
    9  $100,000 or more for workers’ compensation, and an estimated
   10  annual countrywide standard premium of $750,000 or more for
   11  workers’ compensation. Provisions within a retrospective rating
   12  plan which authorize negotiated premiums are exempt from
   13  subsection (1). Such plans and associated forms must be filed by
   14  a rating organization and approved by the office. However, a
   15  premium negotiated between the employer and the insurer pursuant
   16  to an approved retrospective rating plan is not subject to this
   17  part. Only insurers having at least $500 million in surplus as
   18  to policyholders may engage in the negotiation of premium with
   19  eligible employers.
   20  
   21  ================= T I T L E  A M E N D M E N T ================
   22  And the title is amended as follows:
   23         Delete lines 113 - 117
   24  and insert:
   25         factors used to calculate premiums; amending s.