Florida Senate - 2012 SENATOR AMENDMENT Bill No. SB 1152 Barcode 207950 LEGISLATIVE ACTION Senate . House . . . Floor: WD/2R . 02/29/2012 11:12 AM . ————————————————————————————————————————————————————————————————— ————————————————————————————————————————————————————————————————— Senator Fasano moved the following: 1 Senate Amendment (with title amendment) 2 3 Delete everything after the enacting clause 4 and insert: 5 Section 1. The Office of Program Policy Analysis and 6 Government Accountability shall conduct a review of the state’s 7 system of developing rates for workers’ compensation insurance 8 for the specific purpose of analyzing the use of rating 9 organizations in the ratemaking process authorized under chapter 10 627, Florida Statutes. 11 (1) The review must include an analysis of, and 12 recommendations relating to: 13 (a) The process of selecting rating organizations and 14 whether multiple rating organizations exist; 15 (b) The criteria used for selecting rating organizations, 16 including the transactional relationships of rating 17 organizations with the insurance industry; 18 (c) The data-collection methodology, including how 19 information is collected from insurance carriers and self 20 insured employers and how that data is used by the rating 21 organizations; 22 (d) The process for independently reviewing a rating 23 organization’s information, reports, and filings, including a 24 specific recommendation on whether the independent actuarial 25 peer review conducted biannually is an effective means for 26 evaluating the performance of a state rating organization; 27 (e) Other states’ systems for submitting and approving 28 workers compensation rates by carriers and self-insured 29 employers; and 30 (f) Any other related matters that the office deems 31 appropriate for legislative review. 32 (2) The office shall complete and submit the review to the 33 Legislature by March 1, 2013. 34 Section 2. This act shall take effect upon becoming a law. 35 36 ================= T I T L E A M E N D M E N T ================ 37 And the title is amended as follows: 38 Delete everything before the enacting clause 39 and insert: 40 A bill to be entitled 41 An act relating to workers’ compensation insurance 42 rates; requiring the Office of Program Policy Analysis 43 and Government Accountability to conduct a review of 44 workers’ compensation rating organizations and submit 45 such review to the Legislature by a certain date; 46 providing an effective date.