Capitol to Courthouse Florida Insurance Report: Wednesday, October 26

Oct 26, 2011


To go directly to the section of your choice, click on a hyperlink below.  Other hyperlinks to meeting information, bills and news are noted in bold type.




Daily Florida Insurance-Related Events


8:30 a.m.–Florida Surplus Lines Service Office (“FSLSO”) Compensation Committee meeting.  To view the meeting notice, click here.

9:00 a.m.–FSLSO Board of Governors Quarterly Business meeting.  To view the meeting notice, click here.

10:00 a.m.– Florida Department of Revenue Proposed Rule Hearing

  • Proposed amendments to Rule Chapter 12B-8, “Insurance Premium Taxes, Fees and Surcharges”, would update statutory and Rule references, remove unnecessary effective dates, remove provisions regarding the emergency excise tax repealed effective January 1, 2012 by Section 22, Chapter 2011-76, L.O.F., and provide technical changes.  To view the hearing notice, click here.
    • 12B-8.001:  Premium Tax; Rate and Computation
    • 12B-8.0012:  Insurance Policy Surcharge; Rate and Computatiion
    • 12B-8.003:  Tax Statement; Overpayments
    • 12B-8.006:  State Fire Marshal Regulatory Assessment and Surcharge; Levy and Amount
    • 12B-8.007:  Deposit of Certain Tax Receipts; Refund of Improper Payments
    • 12B-8.016:  Retaliatory Provisions
  • Proposed amendments to the Rules below would incorporate changes in Chapter 2011-123, L.O.F., which extends the period for which tax credits authorized under the Florida Tax Credit Scholarship Program may be taken from three years to five years; eliminates the 75 percent limitation on the corporate income tax and insurance premium tax credits; and allows taxpayers who have previously rescinded a tax credit more than once to obtain approval to rescind an outstanding tax credit.  To view the hearing notice, click here.
    • 12-29.002:  Florida Tax Credit Scholarship Program; Participation; Allocation; Carryforward; Rescindment
    • 12-29.003:  Florida Tax Credit Scholarship Program; Applications



Daily Florida Insurance-Related Bills Filed for 2012



SB 676 relating to Workers’ Compensation Certificate-of-exemption Process by Senator Chris Smith

SB 676 would revise requirements relating to the election of exemption from coverage to include applicability to members of limited liability companies.  Requirements for submitting a notice of election of exemption also would be revised, as would the duties of the Florida Department of Financial Services relating to the expiration of certificates of exemption.  Under SB 676, the applicability of requirements relating to certificates of exemption would be expanded.  Effective Date: upon becoming a law, except as otherwise provided.


SB 668 relating to Workers’ Compensation Medical Services by Senator Alan Hays

SB 668 would revise requirements for determining the amount of a reimbursement for repackaged or relabeled prescription medication and provide for limitations.  Effective Date: July 1, 2012



Daily Insurance-Related News 


Surplus Lines Could Be Entering Florida Citizens Property Insurance Take-Out Mix

Companion bills introduced in the Florida House and Senate would allow surplus-lines insurers to participate in a program to depopulate the state’s supposed insurer of last resort.


More Unfit Floridians Have Driver’s Licenses Yanked

The number of Floridians who have had their driver’s licenses revoked because they are deemed physically or mentally unfit has more than doubled in the last decade.


Blog:  Five arrested in alleged staged accident ring

Five South Floridians were arrested and charged with staging an accident, grand theft and insurance fraud, Florida Chief Financial Officer Jeff Atwater announced today.


Florida Pre-Paid Auto Club offers speeding insurance

Commuting on Florida’s highways often feels like bumper cars with Ferrari engines. 


Still no agreement in sight, feds tell Florida to submit another Medicaid waiver extension

Acting Medicaid Director Justin Senior says that after months of negotiations not much has changed.  Low Income Pool funding remains the obstacle as the state and federal government continue Medicaid negotiations.


Florida fourth in the nation in mass layoffs in September

Florida had 69 mass layoff actions during the month of September, the fourth highest number in the nation, according to a U.S. Bureau of Labor Statistics summary released today.


Blog:  After Florida House speaker backs Perry, rank-and-file members back Romney

What’s going on in the Florida House?  First, the top three Republicans get out front of House Speaker Dean Cannon and all back Tim Pawlenty for president.  Cannon then became one of Rick Perry’s first and most high-profile backers.


Former aide to Lieutenant Governor Carroll arrested in illegal recording case

Former spokeswoman Carletha Cole was arrested this past week and charged with taping a telephone call, a third-degree felony.


Panel says state foreclosure mediation program should end

Despite a backlog of at least 350,000 foreclosures in the state, a judicial committee recommends that a Florida Supreme Court mediation program designed to keep people in their homes be ended, the St. Petersburg Times reports.


Florida Senator Don Gaetz presses on job-creation program

He wants more information about companies that failed to produce jobs in spite of government incentives.


Legislator to Governor Rick Scott:  Stop fighting Voting Rights Act

State Representative Perry Thurston, D-Plantation, the House Democratic Leader-designate, has written an open letter to Governor Rick Scott criticizing the state’s latest effort to undermine the Voting Rights Act.


Federal Insurance Office Director Michael McRaith Says Federal Insurance Office Will Not Ask for Existing Data; Affirms States as Functional Regulators

In his first public appearance since being named Federal Insurance Office director, Michael McRaith sought to alleviate concerns among those in the industry by saying the states would remain the functional regulators of insurance, and that FIO data requests would not be duplicative.



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