Florida Senate - 2012                        COMMITTEE AMENDMENT
       Bill No. CS for SB 1428
       
       
       
       
       
       
                                Barcode 582478                          
       
                              LEGISLATIVE ACTION                        
                    Senate             .             House              
                  Comm: RCS            .                                
                  03/01/2012           .                                
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       The Committee on Budget Subcommittee on General Government
       Appropriations (Braynon) recommended the following:
       
    1         Senate Amendment (with title amendment)
    2  
    3         Between lines 31 and 32
    4  insert:
    5         Section 2. Subsection (2) of section 627.442, Florida
    6  Statutes, is amended to read:
    7         627.442 Insurance contracts.—
    8         (2) Notwithstanding s. 440.381(3), an insurer having at
    9  least $200 million in surplus, or an insurer within an insurer
   10  group that has at least $400 million in surplus, as reflected in
   11  the combined annual statement filed by the insurer group with
   12  the office, is not required to perform physical onsite premium
   13  audits are not required for workers’ compensation coverage,
   14  other than an audit required by the insurance policy or an order
   15  of the office, or at least once each policy period, if requested
   16  by the insured.
   17  
   18  ================= T I T L E  A M E N D M E N T ================
   19         And the title is amended as follows:
   20         Delete line 8
   21  and insert:
   22         policies such transfer provisions apply to; amending
   23         s. 627.442, F.S.; exempting certain insurers from
   24         performing onsite premium audits for workers’
   25         compensation insurance; providing