FL S1354

Eliminates the Florida Small Employer Health Reinsurance Program, a nonprofit entity that provided reinsurance coverage for small employer health benefit plans

Removes the 14-member board of directors that oversaw the reinsurance program, including representatives from health insurers, insurance agents, employers, and the Agency for Health Care Administration

Deletes detailed provisions governing reinsurance operations, including premium rate methodology, claims thresholds ($5,000 deductible before program reimbursement), and assessment procedures for participating carriers

Removes the two-tier assessment structure that funded program losses: first tier up to 5% of reinsuring carriers' small employer premiums, second tier up to 0.5% of all carriers' health benefit plan premiums

Updates cross-references in related statutes concerning identification card requirements, individual reinsurance pools, group health insurance provisions, and stop-loss insurance to reflect the definitional changes