Florida Senate - 2014                        COMMITTEE AMENDMENT
       Bill No. CS for SB 1344
       
       
       
       
       
       
                                Ì435710vÎ435710                         
       
                              LEGISLATIVE ACTION                        
                    Senate             .             House              
                  Comm: RCS            .                                
                  04/02/2014           .                                
                                       .                                
                                       .              1344              
                                       .                                
       —————————————————————————————————————————————————————————————————




       —————————————————————————————————————————————————————————————————
       
    1         Senate Amendment (with title amendment)
    2  
    3         Between lines 44 and 45
    4  insert:
    5         Section 2. Subsection (1) of section 631.912, Florida
    6  Statutes, is amended to read:
    7         631.912 Board of directors.—
    8         (1) The board of directors of the corporation shall consist
    9  of 11 persons, 1 of whom is the insurance consumer advocate
   10  appointed under s. 627.0613 or designee and 1 of whom is
   11  designated by the Chief Financial Officer. The department shall
   12  appoint to the board 6 persons selected by private carriers from
   13  among the 20 workers’ compensation insurers with the largest
   14  amount of net direct written premium as determined by the
   15  department, and 2 3 persons selected by the self-insurance
   16  funds. The Governor shall appoint 1 person who has commercial
   17  insurance experience. At least two of the private carriers shall
   18  be foreign carriers authorized to do business in this state. The
   19  board shall elect a chairperson from among its members. The
   20  Chief Financial Officer may remove any board member for cause.
   21  Each board member shall be appointed to serve for a 4-year term
   22  and may be reappointed. A vacancy on the board shall be filled
   23  for the remaining period of the term in the same manner by which
   24  the original appointment was made.
   25  
   26  ================= T I T L E  A M E N D M E N T ================
   27  And the title is amended as follows:
   28         Between lines 8 and 9
   29  insert:
   30         amending s. 631.912, F.S.; revising the appointment
   31         process for members of the board of directors of the
   32         Florida Workers’ Compensation Insurance Guaranty
   33         Association;
   34