Bill Amendment: FL S1260 | 2014 | Regular Session

NOTE: For additional amemendments please see the Bill Drafting List

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Bill Title: Insurance

Status: 2014-05-01 - Laid on Table, companion bill(s) passed, see HB 291 (Ch. 2014-111), CS/CS/HB 321 (Ch. 2014-112), CS/CS/HB 633 (Ch. 2014-123), CS/HB 785 (Ch. 2014-131), CS/CS/HB 7005 (Ch. 2014-216), CS/CS/CS/SB 542 (Ch. 2014-80), CS/CS/SB 708 (Ch. 2014-86), CS/CS/SB 1308 (Ch. 2014-101), CS/CS/SB 1344 (Ch. 2014-103), CS/CS/SB 1672 (Ch. 2014-104) [S1260 Detail]

Download: Florida-2014-S1260-Senate_Committee_Amendment_560680.html

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       Florida Senate - 2014                        COMMITTEE AMENDMENT
       Bill No. CS for SB 1260
       
       
       
       
       
       
                                Ì560680&Î560680                         
       
                              LEGISLATIVE ACTION                        
                    Senate             .             House              
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       recommended the following:
       
    1         Senate Amendment (with title amendment)
    2  
    3         Delete lines 1211 - 1213
    4  and insert:
    5  state and an estimated annual countrywide standard premium of
    6  $750,000 or more for workers’ compensation.
    7         Section 29. The Office of Insurance Regulation, in
    8  consultation with the National Council on Compensation
    9  Insurance, is directed to prepare a report that analyzes the use
   10  of negotiated workers’ compensation premium provisions within
   11  retrospective rating plans. The report must examine the use of
   12  such provisions in neighboring and competitive states,
   13  specifically as to any savings in the actual premium if a
   14  retrospective rating deviation is applied, compared to the
   15  standard workers’ compensation premium, and the potential
   16  inequity for the state’s employers due to the lack of such
   17  provisions in this state. The report must also examine the
   18  potential savings to Florida employers which results from
   19  implementing negotiated premiums for employers having exposure
   20  in more than one state and an estimated annual countrywide
   21  standard premium of at least $250,000, $500,000, and $750,000.
   22  The report shall be delivered to the task force for approval by
   23  September 1, 2014, and the approved report shall be delivered to
   24  the President of the Senate and the Speaker of the House of
   25  Representatives by November 1, 2014. This section is repealed
   26  June 30, 2015.
   27  
   28  ================= T I T L E  A M E N D M E N T ================
   29  And the title is amended as follows:
   30         Delete line 102
   31  and insert:
   32         used to calculate premiums; requiring the office to
   33         prepare and submit a report to the Legislature by a
   34         specified date that analyzes the use of negotiated
   35         workers compensation premium provisions within
   36         restrospective rating plans; amending s. 627.281,