Following up on last year's deregulation of ratemaking for most forms of commercial insurance, H.B. 99 by Rep. Brad Drake deregulates additional forms of commercial insurance, which include general liability; nonresidential property; nonresidential multiperil; excess property; and burglary and theft. Subject to the governor's signature, the bill will take effect October 1, 2011. In the area of workers' compensation, H.B. 723 by Rep. Mike Weinstein provides for extraterritorial reciprocity for workers' compensation claims under certain conditions. Florida employees injured while temporarily working in another state will receive benefits under Florida's workers' compensation law, while out-of-state workers temporarily working in Florida are exempt from Florida's workers' compensation law and will thus receive benefits under the law of their home state. Subject to the governor's signature, the bill will take effect July 1, 2011. In addition, H.B. 1087 by Rep. Doug Holder, among other provisions, authorizes insurers to pay workers' compensation benefits to workers through the use of a prepaid card as a cost-saving measure, and also changes the timing of the assessment for the Specialty Disability Trust Fund from a fiscal year to calendar year calculation. Subject to the governor's signature, the bill will take effect July 1, 2011.
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Commercial insurance and workers' compensation reforms approved by the Legislature
- Foley & Lardner LLP
- G. Donovan Brown , Thomas J. Maida, Jonathan P. Kilman, Michael P. Harrell, Paul W. Lowell and Robert H. Hosay
- USA
- May 13 2011
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Philip I. Weis
Senior Corporate Counsel
Pfizer
