HOUSE AMENDMENT

                                                  Bill No. HB 1767

    Amendment No. 12 (for drafter's use only)

                            CHAMBER ACTION
              Senate                               House
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 5                                           ORIGINAL STAMP BELOW

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11  Representative(s) Bainter offered the following:

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13         Amendment 

14         On page 4, between lines 3 and 4 of the bill

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16  insert:

17         (40)  Effective July 1, 2000, "net premiums written"

18  means premiums arising from workers' compensation policies

19  issued by an insurer in Florida as the primary insurance

20  carrier, adjusted for any return or additional premiums

21  arising from endorsements, cancellations, audits,

22  retrospective rating plans, and dividends paid or credited to

23  policyholders, but without deduction for ceded reinsurance

24  premiums transferred to another insurance company for

25  reinsurance purchased.  When reporting "net premiums written"

26  for purposes of calculating the assessments under ss. 440.49

27  and 440.51, the insurance carrier must report full policy

28  premium value prior to application of deductible discounts or

29  credits.

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    File original & 9 copies    04/21/99
    hin0002                     10:54 pm         01767-0025-041057