SENATE AMENDMENT
    Bill No. CS/HB 385, 1st Eng.
    Amendment No. ___   Barcode 031222
                            CHAMBER ACTION
              Senate                               House
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11  Senator Holzendorf moved the following amendment to amendment
12  (822970):
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14         Senate Amendment (with title amendment) 
15         On page 10, between lines 21 and 22,
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17  insert:  
18         Section 11.  Subsections (13) and (14) of section
19  440.51, Florida Statutes, are amended to read:
20         440.51  Expenses of administration.--
21         (13)  As used in s. 440.50 and this section, the term:
22         (a)  "Plan" means the workers' compensation joint
23  underwriting plan provided for in s. 627.311(4).
24         (b)  "Fixed administrative expenses" means the expenses
25  of the plan, not to exceed $1,500,000 $750,000, which are
26  directly related to the plan's administration but which do not
27  vary in direct relationship to the amount of premium written
28  by the plan and which do not include loss adjustment premiums.
29         (14)  Before July 1 in each year, the plan shall notify
30  the division of the amount of the plan's gross written
31  premiums for the preceding calendar year. Whenever the plan's
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    2:23 PM   03/22/02                              h0385c1c-02m0c


                                                  SENATE AMENDMENT
    Bill No. CS/HB 385, 1st Eng.
    Amendment No. ___   Barcode 031222
 1  gross written premiums reported to the division are less than
 2  $30 million, the division shall transfer to the plan, subject
 3  to appropriation by the Legislature, an amount not to exceed
 4  the plan's fixed administrative expenses for the preceding
 5  calendar year.
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 7  (Redesignate subsequent sections.)
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10  ================ T I T L E   A M E N D M E N T ===============
11  And the title is amended as follows:
12         On page 12, line 3, after the semicolon,
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14  insert:
15         amending s. 440.51, F.S.; redefining the term
16         "fixed administrative expenses" to increase the
17         amount allowed; deleting a requirement that
18         certain transfers to the workers' compensation
19         joint underwriting plan are subject to
20         legislative appropriation;
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    2:23 PM   03/22/02                              h0385c1c-02m0c