Senate Bill 1108

    Florida Senate - 1998                                  SB 1108

    By Senator Williams





    4-869-98

  1                      A bill to be entitled

  2         An act relating to insurance; amending s.

  3         627.410, F.S.; exempting commercial inland

  4         marine risk policies from a requirement that

  5         policy forms be filed with the Department of

  6         Insurance; providing an effective date.

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  8  Be It Enacted by the Legislature of the State of Florida:

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10         Section 1.  Subsection (1) of section 627.410, Florida

11  Statutes, is amended to read:

12         627.410  Filing, approval of forms.--

13         (1)  No basic insurance policy or annuity contract

14  form, or application form where written application is

15  required and is to be made a part of the policy or contract,

16  or group certificates issued under a master contract delivered

17  in this state, or printed rider or endorsement form or form of

18  renewal certificate, shall be delivered or issued for delivery

19  in this state, unless the form has been filed with the

20  department at its offices in Tallahassee by or in behalf of

21  the insurer which proposes to use such form and has been

22  approved by the department. This provision does not apply to

23  surety bonds or to commercial specially rated inland marine

24  risks, nor to policies, riders, endorsements, or forms of

25  unique character which are designed for and used with relation

26  to insurance upon a particular subject (other than as to

27  health insurance), or which relate to the manner of

28  distribution of benefits or to the reservation of rights and

29  benefits under life or health insurance policies and are used

30  at the request of the individual policyholder, contract

31  holder, or certificateholder.  As to group insurance policies

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CODING: Words stricken are deletions; words underlined are additions.






    Florida Senate - 1998                                  SB 1108
    4-869-98




  1  effectuated and delivered outside this state but covering

  2  persons resident in this state, the group certificates to be

  3  delivered or issued for delivery in this state shall be filed

  4  with the department for information purposes only.

  5         Section 2.  This act shall take effect July 1, 1998.

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  8                          SENATE SUMMARY

  9    Exempts commercial inland marine risk policies from a
      requirement that the policy form be filed with the
10    Department of Insurance.

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