Florida Senate - 2014 SB 952
By Senator Simpson
1 A bill to be entitled
3 Be It Enacted by the Legislature of the State of Florida:Section 1. Present subsections (2) through (4) of section 627.072, Florida Statutes, are renumbered as subsections (3) through (5), respectively, and a new subsection (2) is added to that section, to read:627.072 Making and use of rates.—(2) A retrospective rating plan may contain a provision that allows for negotiation of a premium between the employer and the insurer for employers having exposure in more than one state and an estimated annual standard premium in this state of $175,000 and an estimated annual countrywide standard premium of $1 million or more for workers’ compensation.Section 2. Subsection (2) of section 627.281, Florida Statutes, is amended to read:627.281 Appeal from rating organization; workers’ compensation and employer’s liability insurance filings.—(2) If such appeal is based upon the failure of the rating organization to make a filing on behalf of such member or subscriber which is based on a system of expense provisions which differs, in accordance with the right granted in s. 627.072(3)
s. 627.072(2), from the system of expense provisions included in a filing made by the rating organization, the office shall, if it grants the appeal, order the rating organization to make the requested filing for use by the appellant. In deciding such appeal, the office shall apply the applicable standards set forth in ss. 627.062 and 627.072.Section 3. This act shall take effect July 1, 2014.