THE BILL ITSELF
CS/SB 618
Workers’ Compensation Insurance
Florida Senate - 2026 CS for SB 618 By the Committee on Banking and Insurance; and Senator Truenow 597-02498-26 2026618c1
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A bill to be entitled
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An act relating to workers’ compensation insurance;
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amending s. 627.171, F.S.; specifying that an insurer
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may use excess rates only under certain circumstances;
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amending s. 631.912, F.S.; revising the composition of
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the board of directors of the Florida Workers’
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Compensation Insurance Guaranty Association; providing
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an effective date.
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Be It Enacted by the Legislature of the State of Florida:
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Section 1. Subsection (2) of section 627.171, Florida
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Statutes, is amended to read:
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627.171 Excess rates.—
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(2) (a) An insurer may not use excess rates pursuant to this
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section , only as follows:
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1. For no more than 10 percent of its commercial insurance
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policies written or renewed in each calendar year for any line
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of commercial insurance , other than workers’ compensation.
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2. For no more than 20 percent of its workers’ compensation
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insurance policies written or renewed in each calendar year. or
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3. For no more than 5 percent of its personal lines
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insurance policies written or renewed in each calendar year for
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any line of personal insurance.
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(b) In determining the 20 percent 10-percent limitation for
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workers’ compensation commercial insurance policies, the insurer
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shall exclude any workers’ compensation policy that was written
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for an employer who had coverage in the joint underwriting plan
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created by s. 627.311(5) immediately before prior to the writing
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of the policy by the insurer and any workers’ compensation
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policy that was written for an employer who had been offered
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coverage in the joint underwriting plan but who was written a
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policy by the insurer in lieu of accepting the joint
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underwriting plan policy. Such These workers’ compensation
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policies must shall be excluded from the 20 percent 10-percent
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limitation for the first 3 years of coverage.
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Section 2. Subsection (1) of section 631.912, Florida
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Statutes, is amended to read:
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631.912 Board of directors.—
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(1) The board of directors of the corporation shall be
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composed consist of 11 persons, 1 of whom is the insurance
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consumer advocate appointed under s. 627.0613 or his or her
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designee and 1 of whom is designated by the Chief Financial
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Officer. The department shall appoint to the board 6 persons
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selected by private carriers from among the 20 workers’
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compensation insurers with the largest amount of direct written
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premium as determined by the department, one person nominated by
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a statewide trade association representing Florida employers,
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which is designated by the Chief Financial Officer, and one
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person nominated by the largest property and casualty insurance
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agents association in this state. The Chief Financial Officer
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may appoint and 2 persons selected by the self-insurance funds
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or other persons with experience in workers’ compensation
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insurance to the board to serve in place of a nominee of either
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association as determined by the Chief Financial Officer . These
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appointments are deemed to be within the scope of the exemption
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provided in s. 112.313(7)(b). The Governor shall appoint one
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person who has commercial insurance experience. At least two of
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the private carriers shall be foreign carriers authorized to do
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business in this state. The board shall elect a chair
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chairperson from among its members. The Chief Financial Officer
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may remove any board member for cause. Each board member shall
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be appointed to serve a 4-year term and may be reappointed. A
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vacancy on the board must shall be filled for the remaining
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period of the term in the same manner by which the original
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appointment was made.
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Section 3. This act shall take effect July 1, 2026.