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House Considers Change in Retrospective Rating Plans

Tuesday, February 11, 2014 | 0

The Florida House will consider legislation that will allow employers and insurers to negotiate premiums for retrospective rating plans when the policies cover workers in multiple states.Rep. Ben Albritton, R-Bartow, filed House Bill 785 on Feb. 3. The legislation, sought by the Florida Insurance Council, allows retrospective rating plans to contain a provision allowing employers and insurers to negotiate premiums in situations in which the employer has workers in multiple states, the estimated annual standard premium in Florida is $175,000 and the annual countrywide premium is $1 million or m...

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