Florida Senate - 2013 COMMITTEE AMENDMENT Bill No. SB 418 Barcode 494772 LEGISLATIVE ACTION Senate . House Comm: RCS . 04/15/2013 . . . . ————————————————————————————————————————————————————————————————— ————————————————————————————————————————————————————————————————— The Committee on Commerce and Tourism (Detert) recommended the following: 1 Senate Amendment (with title amendment) 2 3 Delete everything after the enacting clause 4 and insert: 5 Section 1. Section 627.421, Florida Statutes, is amended to 6 read: 7 627.421 Delivery of policy.— 8 (1) Subject to the insurer’s requirement as to payment of 9 premium, every policy shall be mailed or delivered to the 10 insured or to the person entitled thereto within
not later than11 60 days after the effectuation of coverage. 12 (2) If In the eventthe original policy is delivered or is 13 sorequired to be delivered to or for deposit with a anyvendor, 14 mortgagee, or pledgee of any motor vehicle, and in which policy 15 any interest of the vendee, mortgagor, or pledgor in or with 16 reference to such vehicle is insured, a duplicate of the such17 policy setting forth the name and address of the insurer, 18 insurance classification of vehicle, type of coverage, limits of 19 liability, premiums for the respective coverages, and duration 20 of the policy, or memorandum thereof containing the same such21 information, shall be delivered by the vendor, mortgagee, or 22 pledgee to each suchvendee, mortgagor, or pledgor named in the 23 policy or coming within the group of persons designated in the 24 policy to be so included. If the policy does not provide 25 coverage of legal liability for injury to persons or damage to 26 the property of third parties, a statement of that suchfact 27 shall be printed, written, or stamped conspicuously on the face 28 of the suchduplicate policy or memorandum. This subsection does 29 not apply to inland marine floater policies. 30 (3) An Anyautomobile liability or physical damage policy 31 must shallcontain on the front page a summary of major 32 coverages, conditions, exclusions, and limitations contained in 33 that policy. AnySuch summary must shallstate that the issued 34 policy should be referred to for the actual contractual 35 governing provisions. The company may, in lieu of the summary, 36 provide a readable policy. 37 (4) Notwithstanding subsections (1) and (2), property and 38 casualty insurance policies and endorsements that do not contain 39 personally identifiable information may be posted on the 40 insurer’s Internet website. If the insurer elects to post 41 insurance policies and endorsements on its website in lieu of 42 mailing or delivery to insureds, the insurer must comply with 43 the following: 44 (a) Each policy and endorsement must be easily accessible 45 on the insurer’s website for as long as the policy and 46 endorsement remain in force. 47 (b) The insurer must archive and make all of its expired 48 policies and endorsements available to an insured on its website 49 for at least 5 years after expiration of the policy and 50 endorsement. 51 (c) Each policy and endorsement must be posted in a manner 52 that enables the insured to print and save the policy and 53 endorsement using a program or application that is widely 54 available on the Internet without charge. 55 (d) When the insurer issues an initial policy or upon 56 renewal, the insurer must notify the insured, in the manner the 57 insurer customarily uses to communicate with the insured, that 58 the insured has the right to request and obtain without charge a 59 paper or electronic copy of the insured’s policy and 60 endorsements. 61 (e) On each declarations page issued to the insured, the 62 insurer must clearly identify the exact policy form and 63 endorsement form purchased by the insured. 64 (f) If the insurer changes a policy form or endorsement, 65 the insurer must notify the insured, in the manner the insurer 66 customarily uses to communicate with the insured, that the 67 insured has the right to request and obtain without charge a 68 paper or electronic copy of such form or endorsement. 69 Section 2. This act shall take effect July 1, 2013. 70 71 ================= T I T L E A M E N D M E N T ================ 72 And the title is amended as follows: 73 Delete everything before the enacting clause 74 and insert: 75 A bill to be entitled 76 An act relating to the delivery of insurance policies; 77 amending s. 627.421, F.S.; authorizing the posting of 78 specified types of insurance policies and endorsements 79 on an insurer’s Internet website in lieu of mailing or 80 delivery to the insured if the insurer complies with 81 certain conditions; providing an effective date.