HOUSE AMENDMENT Bill No. HB 25A
1	CHAMBER ACTION
2	Senate House
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12	Representative Gelber offered the following:
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14	Amendment (with title amendment)
15	Between line(s) 5243 & 5244, insert:
16	Section 39. It is the intent of the Legislature that
17	the cost of workers' compensation insurance be reduced for
18	employers who are required to maintain such coverage. On
19	September 1, 2003, rates for workers' compensation insurance
20	shall be reduced by each insurer as defined in s. 624.03,
21	Florida Statutes, commercial self-insurance fund authorized by
22	s. 624.462, Florida Statutes, and group self-insurers' fund as
23	authorized in s. 624.4621, Florida Statutes. The September 1,
24	2003, rate reduction for each such insurer, commercial self-
25	insurance fund, and group self-insurer shall be 15 percent of
26	the rates that were effective on January 1, 2003, and such
27	revised rates shall remain in effect until January 1, 2005.
28	There shall be no exceptions to the requirements of this
29	section, unless the Department of Financial Services finds
30	that the use of the revised rates by a particular insurer,
31	commercial self-insurance fund, or group self-insurer will
32	result in rates that are inadequate to the extent that the
33	continued use of such rates will jeopardize the solvency of
34	the insurer, commercial self-insurance fund, or group self-
35	insurer. Any new or renewal workers' compensation insurance
36	policy entered into on or after September 1, 2003, shall
37	reflect the 15-percent reduction in rates for the coverage
38	required under this act. The Department of Insurance shall
39	adopt rules pertaining to the applicability of this section to
40	the unexpired term of all workers' compensation insurance
41	policies in existence on September 1, 2003. Any insurer,
42	commercial self-insurance fund, or group self-insurer that has
43	an approved deviation or discount in existence on or before
44	September 1, 2003, shall discontinue use of such deviation or
45	discount as of September 1, 2003, with regard to all insureds.
46	No insurer, commercial self-insurance fund, or group self-
47	insurer shall make written application to the Department of
48	Insurance for permission to file a uniform percentage decrease
49	below the revised rates effective on September 1, 2003.
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52	================= T I T L E A M E N D M E N T =================
53	Remove line(s) 102, and insert:
54	references; requiring a reduction in workers’ compensation
55	insurance rates and specifying a procedure for implementation;
56	providing for rules; repealing s. 440.1925, F.S., relating to