Bill Would Double Allowance of Consent-to-Rate Policies

A Florida lawmaker introduced legislation that would double the number of consent-to-rate policies that workers' compensation carriers are allowed to write. State law currently allows carriers to use excess rates for up to 10% of their policies. SB 618, filed Thursday by Sen. Keith L. Truenow, R-Tavares, would allow carriers to use excess rates for up to 20% of their annual workers' comp policies. The 10% limit on excess rates for other commercial lines would remain in place. SB 618 would also reduce the Florida Workers' Compensation Insurance Guaranty Association to nine m...