Florida Senate - 2005 SENATOR AMENDMENT
Bill No. CS for SB 2032
Barcode 610274
CHAMBER ACTION
Senate House
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11 Senator Atwater moved the following amendment:
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13 Senate Amendment (with title amendment)
14 On page 44, lines 25 and 26, delete those lines
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16 and insert:
17 5. A service company that is a subsidiary of a mutual
18 insurance holding company, which mutual insurance holding
19 company was in existence on or before January 1, 2000, shall
20 allocate the salary of each service company employee covered
21 by contracts with members of the mutual insurance holding
22 company system to the companies for which the employees
23 perform services. The salary allocation is based on the ratio
24 of the amount of time during the tax year which the individual
25 employee spends performing services or otherwise working for
26 each company to the total amount of time the employee spends
27 performing services or otherwise working for all companies.
28 The total amount of salary allocated to an insurance company
29 within the mutual insurance holding company system shall be
30 included as that insurer's employee salaries for purposes of
31 this section.
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11:41 AM 05/03/05 s2032c1c-25-e0x
Florida Senate - 2005 SENATOR AMENDMENT
Bill No. CS for SB 2032
Barcode 610274
1 a. The term "mutual insurance holding company system"
2 means two or more corporations that are subsidiaries of a
3 mutual insurance holding company and in compliance with part
4 IV of chapter 628.
5 b. The term "service company" means a separate
6 corporation within the mutual insurance holding company system
7 whose employees provide services to other members of the
8 mutual insurance holding company system and are treated as
9 service company employees for unemployment compensation and
10 common-law purposes. The mutual insurance holding company may
11 not qualify as a service company.
12 c. If an insurance company fails to substantiate,
13 whether by means of adequate records or otherwise, its
14 eligibility to claim the service company exception under this
15 section, or its salary allocation under this section, no
16 credit shall be allowed.
17 (c) The department may adopt rules pursuant to ss.
18 120.536(1) and 120.54 to administer this subsection.
19 Section 26. The sum of $2.6 million is appropriated
20 from the Workers' Compensation Administration Trust Fund to
21 the General Revenue Fund for the 2005-2006 fiscal year.
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23 (Redesignate subsequent sections.)
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26 ================ T I T L E A M E N D M E N T ===============
27 And the title is amended as follows:
28 On page 3, lines 25-27, delete those lines
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30 and insert:
31 of calculating such a credit; allowing a salary
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11:41 AM 05/03/05 s2032c1c-25-e0x
Florida Senate - 2005 SENATOR AMENDMENT
Bill No. CS for SB 2032
Barcode 610274
1 credit for employees of a service company
2 subsidiary of a mutual insurance holding
3 company; authorizing the department to adopt
4 rules to administer such a credit; providing an
5 appropriation; providing legislative intent
6 regarding
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