CODING: Words stricken are deletions; words underlined are additions.
House Bill 0251




    Florida House of Representatives - 1997                 HB 251

        By Representative Ogles






  1                      A bill to be entitled

  2         An act relating to casualty insurance; creating

  3         s. 624.5094, F.S.; specifying application of

  4         certain dividends or premium refunds for

  5         certain purposes; providing an effective date.

  6

  7  Be It Enacted by the Legislature of the State of Florida:

  8

  9         Section 1.  Section 624.5094, Florida Statutes, is

10  created to read:

11         624.5094  Casualty insurance premiums.--Notwithstanding

12  any other provision of law, for purposes of calculating annual

13  assessments for the Special Disability Trust Fund under s.

14  440.49, and expenses of administration under s. 440.51, any

15  amounts paid or credited by an insurer to policyholders as

16  dividends or premium refunds in a calendar year shall be

17  deducted from "net premium," "net premium written," "direct

18  premium," and "net premium collected" for such calendar year.

19  Such amounts paid or credited during the current year shall be

20  applied against the current year's net premium for the current

21  year's assessment regardless of the policy year for which the

22  dividends or premium refunds are being reimbursed.

23         Section 2.  This act shall take effect upon becoming a

24  law.

25

26            *****************************************

27                          HOUSE SUMMARY

28
      Specifies application of dividends or premium refunds for
29    purposes of calculating annual assessments for the
      Special Disability Trust Fund and expenses of
30    administration. See bill for details.

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