HOUSE AMENDMENT

    hbd-08                                     Bill No. CS/HB 1373

    Amendment No. 2 (for drafter's use only)

                            CHAMBER ACTION
              Senate                               House
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  5                                           ORIGINAL STAMP BELOW

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11  Representative(s) Brown offered the following:

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13         Amendment (with title amendment) 

14         On page 4, between lines 25 & 26, of the bill

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16  insert:

17         Section 5.  Effective retroactively to January 1, 2002,

18  subsection (5) is added to section 625.041, Florida Statutes,

19  to read:

20         625.041  Liabilities, in general.--In any determination

21  of the financial condition of an insurer, liabilities to be

22  charged against its assets shall include:

23         (5)  Any insurer in this state that writes workers'

24  compensation insurance shall accrue a liability on its

25  financial statements for all Special Disability Trust Fund

26  assessments which are due within the current calendar year. In

27  addition, such insurers shall also disclose in the notes to

28  the financial statements required to be filed pursuant to s.

29  624.424 an estimate of future Special Disability Trust Fund

30  assessments, if such assessments are likely to occur and can

31  be estimated with reasonable certainty.

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    File original & 9 copies    03/13/02
    hbd0002                     09:17 am         01373-0005-974157




                                                   HOUSE AMENDMENT

    hbd-08                                     Bill No. CS/HB 1373

    Amendment No. 2 (for drafter's use only)





  1  ================ T I T L E   A M E N D M E N T ===============

  2  And the title is amended as follows:

  3         On page 1, line 14, after the semicolon,

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  5  insert:

  6         amending s. 625.041, F.S.; revising the

  7         liabilities a workers' compensation insurer

  8         must include on its financial statements;

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    File original & 9 copies    03/13/02
    hbd0002                     09:17 am         01373-0005-974157