Florida SB 618: Subpoenas in Investigations of Sexual Offenses

Bill Text

618 
Workers’ Compensation Insurance 
2026-02-06T12:46:22Z 
Specifying that an insurer may use excess rates only under certain circumstances; revising the composition of the board of directors of the Florida Workers’ Compensation Insurance Guaranty Association, etc. 
Committee Substitute 1 
2026 
S 
2026-07-01T00:00:00Z 
GB 
General Bill 
c1 

 Florida Senate - 2026 CS for SB 618 

 By the Committee on Banking and Insurance; and Senator Truenow 

 597-02498-26 2026618c1 
 1 A bill to be entitled 
 2 An act relating to workers’ compensation insurance; 
 3 amending s. 627.171, F.S.; specifying that an insurer 
 4 may use excess rates only under certain circumstances; 
 5 amending s. 631.912, F.S.; revising the composition of 
 6 the board of directors of the Florida Workers’ 
 7 Compensation Insurance Guaranty Association; providing 
 8 an effective date. 
 9 
 10 Be It Enacted by the Legislature of the State of Florida: 
 11 
 12 Section 1. Subsection (2) of section 627.171, Florida 
 13 Statutes, is amended to read: 
 14 627.171 Excess rates.— 
 15 (2)(a) An insurer may not use excess rates pursuant to this 
 16 section, only as follows: 
 17 1. For no more than 10 percent of its commercial insurance 
 18 policies written or renewed in each calendar year for any line 
 19 of commercial insurance, other than workers’ compensation. 
 20 2. For no more than 20 percent of its workers’ compensation 
 21 insurance policies written or renewed in each calendar year. or 
 22 3. For no more than 5 percent of its personal lines 
 23 insurance policies written or renewed in each calendar year for 
 24 any line of personal insurance. 
 25 (b) In determining the 20 percent 10-percent limitation for 
 26 workers’ compensation commercial insurance policies, the insurer 
 27 shall exclude any workers’ compensation policy that was written 
 28 for an employer who had coverage in the joint underwriting plan 
 29 created by s. 627.311(5) immediately before prior to the writing 
 30 of the policy by the insurer and any workers’ compensation 
 31 policy that was written for an employer who had been offered 
 32 coverage in the joint underwriting plan but who was written a 
 33 policy by the insurer in lieu of accepting the joint 
 34 underwriting plan policy. Such These workers’ compensation 
 35 policies must shall be excluded from the 20 percent 10-percent 
 36 limitation for the first 3 years of coverage. 
 37 Section 2. Subsection (1) of section 631.912, Florida 
 38 Statutes, is amended to read: 
 39 631.912 Board of directors.— 
 40 (1) The board of directors of the corporation shall be 
 41 composed consist of 11 persons, 1 of whom is the insurance 
 42 consumer advocate appointed under s. 627.0613 or his or her 
 43 designee and 1 of whom is designated by the Chief Financial 
 44 Officer. The department shall appoint to the board 6 persons 
 45 selected by private carriers from among the 20 workers’ 
 46 compensation insurers with the largest amount of direct written 
 47 premium as determined by the department, one person nominated by 
 48 a statewide trade association representing Florida employers, 
 49 which is designated by the Chief Financial Officer, and one 
 50 person nominated by the largest property and casualty insurance 
 51 agents association in this state. The Chief Financial Officer 
 52 may appoint and 2 persons selected by the self-insurance funds 
 53 or other persons with experience in workers’ compensation 
 54 insurance to the board to serve in place of a nominee of either 
 55 association as determined by the Chief Financial Officer. These 
 56 appointments are deemed to be within the scope of the exemption 
 57 provided in s. 112.313(7)(b). The Governor shall appoint one 
 58 person who has commercial insurance experience. At least two of 
 59 the private carriers shall be foreign carriers authorized to do 
 60 business in this state. The board shall elect a chair 
 61 chairperson from among its members. The Chief Financial Officer 
 62 may remove any board member for cause. Each board member shall 
 63 be appointed to serve a 4-year term and may be reappointed. A 
 64 vacancy on the board must shall be filled for the remaining 
 65 period of the term in the same manner by which the original 
 66 appointment was made. 
 67 Section 3. This act shall take effect July 1, 2026.