440.077 When a corporate officer rejects chapter, effect.—An officer of a corporation who is permitted to elect an exemption under this chapter and who elects to be exempt from the provisions of this chapter may not recover benefits under this chapter.
...officer exemption, makes clear that the quid pro quo for reduced workers’
compensation premiums associated with the exemption is that the officer electing
exemption “may not recover benefits or compensation under [the Workers’
Compensation Law].” See also § 440.077, Fla....