Under Florida Statutes § 440.05(14), an officer of a corporation who elects to be exempt from Florida Statutes Chapter 440, may not recover benefits or compensation under Florida Statutes Chapter 440, and a carrier may not consider any officer of a corporation who holds a valid certificate of election to be exempt for purposes of determining the appropriate premium for workers’ compensation coverage. In order to be consistent with the provisions of Florida Statutes § 440.05(14), in instances where a subcontractor is a corporation and has an officer or officers who elect to be exempt, and the subcontractor provides a copy of the officer’s or officers’ certificate of election to be exempt to a contractor pursuant to Section 440.10(1)(c), F.S., the subcontractor is not required to also provide evidence of workers’ compensation insurance to the contractor if the subcontractor has no employees who may recover benefits under Florida Statutes Chapter 440, at any time during the life of the contract or project for which evidence of exemption or coverage is required. If a subcontractor hires one or more employees at any time during the life of a contract, that subcontractor must provide the contractor with evidence of workers’ compensation insurance before any such employee or employees can perform any work related to that contract.
Rulemaking Authority 440.05(9), 440.591 FS. Law Implemented 440.02(15), 440.05(14), 440.10(1)(c) FS. History-New 7-21-04.

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Terms Used In Florida Regulations 69L-6.024

  • Contract: A legal written agreement that becomes binding when signed.
  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.