FL S0952

Authorizes employers with estimated annual standard premium of $100,000 or more in Florida and $750,000 or more nationwide to negotiate retrospective rating plan premiums directly with insurers.

Limits premium negotiation eligibility to insurers maintaining at least $500 million in surplus as to policyholders.

Requires retrospective rating plans containing premium negotiation provisions to be filed by a rating organization and approved by the office, but negotiated premiums themselves are exempt from rate regulation.

Applies to employers having exposure in more than one state.

Effective date: July 1, 2014.