Senate Bill sb1730

    Florida Senate - 2001                                  SB 1730

    By Senator Jones





    40-1271-01                                          See HB 197

  1                      A bill to be entitled

  2         An act relating to workers' compensation;

  3         amending s. 440.24, F.S.; requiring suspension

  4         or revocation of an authorization for an

  5         employer to become a self-insurer under certain

  6         circumstances; requiring sale of certain

  7         securities to satisfy certain orders; providing

  8         an effective date.

  9

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

11

12         Section 1.  Subsection (3) of section 440.24, Florida

13  Statutes, is amended to read:

14         440.24  Enforcement of compensation orders;

15  penalties.--

16         (3)  In any case where the employer is a self-insurer

17  and fails to comply with any compensation order of a judge of

18  compensation claims or court within 10 days after such order

19  becomes final, the division shall may suspend or revoke any

20  authorization previously given to the employer to become a

21  self-insurer, and the division shall may sell such of the

22  securities deposited by such self-insurer with the division as

23  may be necessary to satisfy such order.

24         Section 2.  This act shall take effect October 1, 2001.

25

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

27                          HOUSE SUMMARY

28
      Requires suspension or revocation of an employer's
29    authorization to become a self-insurer for failure to
      comply with a compensation order of a judge of
30    compensation claims or court and requires sale of
      securities deposited by such self-insurer as necessary to
31    satisfy such order.

                                  1

CODING: Words stricken are deletions; words underlined are additions.