The Florida Legislature passed and the Governor signed into law CS/HB 941 which amends sections 440.02(9) and 440.05, Florida Statutes. These amendments will streamline the filing and processing of exemption applications.
Some of the highlights of CS/HB 941 are:
- Provides applicants the ability to electronically file their applications via a web-based System.
- Eliminates the requirement for the application to be notarized; and eliminates the need to submit a copy of the stock certificate or documentation of ownership evidencing 10% ownership in a company.
Additionally, the legislative changes provide that all Certificates of Elections to be Exempt issued on or after January 1, 2013, are valid for 2 years after the effective date and beginning July 1, 2013, non-construction LLC. members will be treated as corporate officers and will be eligible to apply for a Workers Comp exemption.
On July 1, 2012, a new Division of Workers Compensation Notice of Election to be Exempt web-based system will be available for applicants to electronically apply for or renew their Certificate of Election to be Exempt. The website is www.myfloridacfo.com/wc. Once on the website, click on the “Apply for an Exemption” icon in the middle of the webpage. Please contact Mark Holley at Lakewood Financial if you have any questions about Workers Compensation Exemptions and if a Workers Comp exemption is right for you.