Florida Senate - 2014                        COMMITTEE AMENDMENT
       Bill No. CS for SB 952
                              LEGISLATIVE ACTION                        
                    Senate             .             House              
                  Comm: RCS            .                                
                  04/21/2014           .                                

       The Committee on Rules (Richter) recommended the following:
    1         Senate Substitute for Amendment (833038) (with title
    2  amendment)
    4         Delete lines 16 - 27
    5  and insert:
    6         (2) A retrospective rating plan may contain a provision
    7  that allows for negotiation of a premium between the employer
    8  and the insurer for employers having exposure in more than one
    9  state and an estimated annual standard premium in this state of
   10  $100,000 or more for workers’ compensation and an estimated
   11  annual countrywide standard premium of $750,000 or more for
   12  workers’ compensation. Provisions with a retrospective rating
   13  plan authorizing negotiated premiums are exempt from subsection
   14  (1). Such plans and associated forms must be filed by a rating
   15  organization and approved by the office. However, a premium
   16  negotiated between the employer and the insurer pursuant to an
   17  approved retrospective plan is not subject to this part. Only
   18  insurers having at least $500 million in surplus as to
   19  policyholders may engage in the negotiation of premiums with
   20  eligible employers.
   21         Section 2. If this act and CS/CS/HB 565, 1st Eng., 2014
   22  Regular Session, or similar legislation, are adopted in the same
   23  legislative session or an extension thereof and become law and
   24  the respective provisions of such acts adding a new subsection
   25  (2) to s. 627.072, Florida Statutes, differ, it is the intent of
   26  the Legislature that the amendments to s. 627.072, Florida
   27  Statutes, in this act shall control over the language in
   28  CS/CS/HB 565, 1st Eng., or similar legislation, regardless of
   29  the order in which the legislation is enacted.
   31  ================= T I T L E  A M E N D M E N T ================
   32  And the title is amended as follows:
   33         Delete line 5
   34  and insert:
   35         certain conditions; providing an exemption; specifying
   36         requirements for the filing and approval of such plans
   37         and associated forms; providing an exception;
   38         providing legislative intent regarding the effect of
   39         other legislation; amending s. 627.281, F.S.;