Bill > S0952

This bill allows employers with significant workers' compensation premiums in multiple states to negotiate their insurance costs directly with insurers, provided the insurer has at least $500 million in surplus. This negotiation is permitted under a "retrospective rating plan," which is a method of determining insurance premiums based on actual losses. These negotiated premiums are exempt from certain standard rate-making rules, but the plans and forms must be filed with and approved by the office, likely referring to a state regulatory body overseeing insurance. The bill also clarifies that if it conflicts with another piece of legislation passed in the same session regarding changes to section 627.072 of Florida Statutes, this bill's amendments will take precedence. Additionally, it updates a reference in another section of Florida Statutes to reflect the new structure of section 627.072, specifically concerning appeals related to insurance filings.