Bill Amendment: FL S1580 | 2014 | Regular Session

NOTE: For additional amemendments please see the Bill Drafting List

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Bill Title: Workers' Compensation Cost Task Force

Status: 2014-05-02 - Died in Appropriations [S1580 Detail]

Download: Florida-2014-S1580-Senate_Committee_Amendment_234522.html

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       Florida Senate - 2014                        COMMITTEE AMENDMENT
       Bill No. CS for SB 1580
       
       
       
       
       
       
                                Ì234522zÎ234522                         
       
                              LEGISLATIVE ACTION                        
                    Senate             .             House              
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       following:
       
    1         Senate Amendment (with title amendment)
    2  
    3         Delete line 70
    4  and insert:
    5         (d) The Office of Insurance Regulation, in consultation
    6  with the Workers’ Compensation Cost Task Force, shall prepare a
    7  report analyzing the use of negotiated workers’ compensation
    8  premium provisions within retrospective rating plans. The report
    9  shall examine the use of such provisions in neighboring and
   10  competitive states, specifically as to savings in the actual
   11  premium if a retrospective rating deviation is applied compared
   12  to the standard workers’ compensation premium, and as to the
   13  potential inequity for Florida’s employers due to the lack of
   14  such authorization in this state. The report must examine the
   15  potential savings to Florida’s employers as a result of
   16  implementation of negotiated premiums for employers that have
   17  exposure in more than one state and an estimated annual
   18  countrywide standard premium of at least $250,000, $500,000, and
   19  $750,000. This report shall be delivered to the task force for
   20  approval by September 1, 2014, and the approved report shall be
   21  delivered to the President of the Senate and the Speaker of the
   22  House of Representatives by November 1, 2014.
   23         (e) This subsection shall be repealed June 30, 2015.
   24  
   25  ================= T I T L E  A M E N D M E N T ================
   26  And the title is amended as follows:
   27         Delete lines 6 - 8
   28  and insert:
   29         to submit a report to the Governor and the Legislature
   30         by a specified date; requiring the Office of Insurance
   31         Regulation to consult with the Workers’ Compensation
   32         Cost Task Force to prepare a report; requiring the
   33         report to be delivered to the task force and the
   34         Legislature by specified dates; providing an