SB 618 Florida Senate · 2026 Regular Session

Workers’ Compensation Insurance

Summary

Workers’ Compensation Insurance; Specifying that an insurer may use excess rates only under certain circumstances; revising the composition of the board of directors of the Florida Workers’ Compensation Insurance Guaranty Association, etc.

Bill status died 1 of 4 stages cleared

Introduction

Jan 2026

Committee Review

Floor Vote

Governor

Introduced Jan 13, 2026 Last action Mar 13, 2026

Maddy AI version diff · 1 comparison

What changed between versions

S 618 Filed → S 618 c1 · 3 edits

MINOR

This bill establishes specific limits on when insurance companies can charge higher 'excess rates' for workers' compensation policies and restructures the board of directors for the Florida Workers' Compensation Insurance Guaranty Association. The changes matter because they provide clearer rules for rate-setting and ensure more balanced representation on the oversight board.

Scope change

The bill's scope remains focused on workers' compensation insurance regulation, but adds specific exclusions for certain policy types when calculating excess rate limits.

REQUIREMENT

Limits on using excess rates were clarified to allow up to 20% of workers' compensation policies, with exclusions for the first 3 years for employers who previously had joint underwriting plan coverage or were offered such coverage.

The board of directors composition changed from 9 to 11 members, with adjustments to how private carriers, trade associations, and self-insurance funds appoint representatives.

TIMELINE

The effective date for these changes is set to July 1, 2026.

Floor votes

How they voted

No floor votes recorded yet.

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Feb 9, 2026

Upper · Passed

Now in Appropriations Committee on Agriculture, Environment, and General Government

upper

Feb 6, 2026

Upper · Passed

Pending reference review under Rule 4.7(2) - (Committee Substitute)

upper

Jan 30, 2026

Upper · Passed

On Committee agenda-- Banking and Insurance, 02/04/26, 10:30 am, 412 Knott Building

upper

Jan 13, 2026

Introduced

upper

Dec 9, 2025

Committee

Referred to Banking and Insurance; Appropriations Committee on Agriculture, Environment, and General Government; Fiscal Policy

upper

1 primary · 0 co-sponsors