Florida Senate - 2014 COMMITTEE AMENDMENT Bill No. PCS (722116) for CS for SB 1260 Ì192956OÎ192956 LEGISLATIVE ACTION Senate . House Comm: RCS . 04/24/2014 . . . . ————————————————————————————————————————————————————————————————— ————————————————————————————————————————————————————————————————— The Committee on Appropriations (Richter) recommended the following: 1 Senate Amendment (with title amendment) 2 3 Delete lines 1274 - 1298 4 and insert: 5 (2) A retrospective rating plan may contain a provision 6 that allows for the negotiation of premium between the employer 7 and the insurer for employers having exposure in more than one 8 state, an estimated annual standard premium in this state of 9 $100,000 or more for workers’ compensation, and an estimated 10 annual countrywide standard premium of $750,000 or more for 11 workers’ compensation. Provisions within a retrospective rating 12 plan which authorize negotiated premiums are exempt from 13 subsection (1). Such plans and associated forms must be filed by 14 a rating organization and approved by the office. However, a 15 premium negotiated between the employer and the insurer pursuant 16 to an approved retrospective rating plan is not subject to this 17 part. Only insurers having at least $500 million in surplus as 18 to policyholders may engage in the negotiation of premium with 19 eligible employers. 20 21 ================= T I T L E A M E N D M E N T ================ 22 And the title is amended as follows: 23 Delete lines 113 - 117 24 and insert: 25 factors used to calculate premiums; amending s.