Workers’ Compensation Insurance

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
e
mployers
,

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.