HB 7241 CS (2006) -  Florida Workers' Compensation Joint Underwriting Association

General Bill by State Administration Appropriations Committee and Berfield
Florida Workers' Compensation Joint Underwriting Association: Requires the joint underwriting plan of insurers to operate as the Florida Workers' Compensation Joint Underwriting Association; revises the membership and duties of the board of governors relating to the operation of the joint underwriting plan; provides for continuous review of the plan; authorizes the Office of Insurance Regulation to withdraw approval of the plan under certain circumstances; requires the periodic review and update of the market-assistance plan; provides requirements and procedures for procurement of goods and services; prohibits the retention of certain lobbyist services; provides requirements for legal services; authorizes certain employees to provide lobbyist services; authorizes the use of certain subplan surplus funds; extends the deadline to levy deficit assessments; requires the board to request the transfer of funds from the Workers' Compensation Administration Trust Fund under certain circumstances; requires that the plan be subject to certain filing and approval rates and rating plan requirements; deletes certain provisions limiting the disapproval of rates by the Office of Insurance Regulation; requires that excess funds received by the plan be returned to the state; provides applicability of specified statutes regulating ethical standards; requires certain disclosure statements for plan employees; prescribes limits on certain representation by former plan employees; prohibits a private individual's ability to benefit from the plan's income; prohibits employees and board members from accepting gifts or expenditures from persons and entities with certain relationships to the plan; provides applicability; requires the Office of Insurance Regulation to perform periodic comprehensive market examinations; prescribes disposition of assets of the plan upon dissolution; provides exemption from the corporate income tax; provides for the payment of premium taxes; allows the contingency reserve to be used to fund certain deficits; extends the period for maintaining the contingency reserve and projecting current cash needs; requires the plan to submit a request for an Internal Revenue Service letter determining the plan's eligibility as a tax-exempt organization.
Effective Date: July 1, 2006.
Last Event: Died in State Administration Council, Link/Iden/Sim/Compare passed, refer to HB 5003 (Ch. 2006-26) on Friday, May 5, 2006 11:59 PM

PCB committee actions:

  • PCB STA 06-01 recommended by:
    State Administration Appropriations Committee

Referred Committees and Committee Actions

House Referrals

Related Bills

Bill # Subject Relationship
Bill #: CS/SB 2118 Subject: Workers' Comp. Joint Underwriting Relationship: Similar
Bill #: HB 1267 Subject: Property and Casualty Insurance Relationship: Compare
Bill #: HB 5003 Subject: Implementing the 2006-2007 General Appropriations Act Relationship: Compare
Bill #: SB 780 Subject: Property & Casualty Insurance Relationship: Compare
Bill #: CS/SB 1976 Subject: Worker's Compensation/Pub. Rec. Relationship: Compare

Bill Text

Staff Analysis

Chamber Committee
Chamber: House Committee: Insurance Committee 4/12/2006 3:59:34 PM
Chamber: House Committee: Insurance Committee 4/3/2006 9:23:04 PM
Chamber: House Committee: State Administration Appropriations Committee 3/31/2006 11:56:54 AM
Chamber: House Committee: State Administration Appropriations Committee 3/23/2006 8:41:47 PM

Vote History

(No Votes Recorded)

Bill History

Event Time Member Committee Ver.
Event: H Died in State Administration Council, Link/Iden/Sim/Compare passed, refer to HB 5003 (Ch. 2006-26) Time: 05/05/2006 - 11:59 PM Member: Committee: State Administration Council Version:
Event: H Now in State Administration Council Time: 04/14/2006 - 12:07 PM Member: Committee: State Administration Council Version: c1
Event: H Remaining referral: Fiscal Council Time: 04/14/2006 - 12:07 PM Member: Committee: Fiscal Council Version: c1
Event: H Referred to State Administration Council Time: 04/14/2006 - 12:07 PM Member: Committee: State Administration Council Version: c1
Event: H Pending review of CS under Rule 6.3 Time: 04/12/2006 - 4:11 PM Member: Committee: Version: c1
Event: H Reported out of Insurance Committee Time: 04/12/2006 - 4:00 PM Member: Committee: Insurance Committee Version: __
Event: H Favorable with CS by Insurance Committee Time: 04/05/2006 - 5:30 PM Member: Committee: Insurance Committee Version: __
Event: H Added to Insurance Committee agenda Time: 04/03/2006 - 4:12 PM Member: Committee: Insurance Committee Version: __
Event: H Now in Insurance Committee Time: 04/03/2006 - 1:39 PM Member: Committee: Insurance Committee Version: __
Event: H Referred to Fiscal Council Time: 04/03/2006 - 1:39 PM Member: Committee: Fiscal Council Version: __
Event: H Referred to Insurance Committee Time: 04/03/2006 - 1:39 PM Member: Committee: Insurance Committee Version: __
Event: H 1st Reading Time: 03/31/2006 - 8:28 PM Member: Committee: Version: __
Event: H Filed Time: 03/31/2006 - 11:54 AM Member: Committee: State Administration Appropriations Committee Version: __

Statutes Referenced by this Bill

Statute Other Bill Citations
627.311 HB 711, HB 1097, HB 1267
627.311 HB 711, HB 1097, HB 1267