SENATE AMENDMENT

    Bill No. SB 1416

    Amendment No. 1

                            CHAMBER ACTION
              Senate                               House
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11  The Committee on Banking and Insurance recommended the

12  following amendment:

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14         Senate Amendment (with title amendment) 

15         Delete everything after the enacting clause

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17  and insert:

18         Section 1.  Section 624.123, Florida Statutes, is

19  created to read:

20         624.123  Certain international health insurance

21  policies; exemption from code.--

22         (1)  International health insurance policies and

23  applications may be solicited and sold in this state at any

24  international airport to a resident of a foreign country. Such

25  international health insurance policies shall be solicited and

26  sold only by a licensed health insurance agent and unwritten

27  only by an admitted insurer. For purposes of this subsection:

28         (a)  "International airport" means any airport in

29  Florida with U. S. Customs service, which enplanes more than 1

30  million passengers per year.

31         (b)  "International health insurance policy" means

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                                                  SENATE AMENDMENT

    Bill No. SB 1416

    Amendment No. 1





 1  health insurance, as defined in s. 627.6561(5)(a)2., which is

 2  offered to an individual, covering only a resident of a

 3  foreign country on an annual basis.

 4         (c)  "Resident of a foreign country" does not include

 5  any United States citizen, any natural person maintaining his

 6  or her residence in this country, or any natural person

 7  staying in this state continuously for more than 120 days.

 8         (2)  Any international health insurance policy sold,

 9  and any application provided, to residents of foreign

10  countries pursuant to this subsection shall contain the

11  following conspicuous, boldfaced disclaimer in at least 12

12  point type:  "This individual health insurance policy may be

13  sold only to a person not a resident of the United States.

14  This policy does not comply with coverage, underwriting, and

15  other provisions of the Florida Insurance Code, and must

16  comply with coverage, underwriting, and other insurance

17  regulatory provisions of your country of residence."

18         (3)  Any insurer underwriting international health

19  insurance policies pursuant to this subsection is subject to

20  all applicable provisions of the Insurance Code, except as

21  otherwise provided in this subsection. International health

22  insurance policies are not subject to any form approval, rate

23  approval, underwriting restrictions, guaranteed availability,

24  or coverage mandates provided in the Insurance Code. Health

25  insurance agents who are licensed and appointed pursuant to

26  chapter 626 may solicit sell, effect, collect premium on, and

27  deliver international health insurance policies in accordance

28  with this section. Solicitation or sale of an international

29  health insurance policy to a U. S. citizen or to a natural

30  person not a resident of a foreign country is a willful

31  violation of the provisions of s. 626.611.

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                                                  SENATE AMENDMENT

    Bill No. SB 1416

    Amendment No. 1





 1         (4)  Any international health insurance policy or

 2  application solicited, provided, entered into, issued, or

 3  delivered pursuant to this subsection is exempt from all

 4  provisions of the Insurance Code, except that such policy,

 5  contract, or agreement is subject to the provisions of ss.

 6  624.155, 624.316, 624.3161, 626.951, 626.9511, 626.9521,

 7  626.9541, 626.9551, 626.9561, 626.9571, 626.9581, 626.9591,

 8  626.9601, 627.413, 627.4145, 627.428, and 627.6043.

 9         Section 2.  This act shall take effect upon becoming a

10  law.

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13  ================ T I T L E   A M E N D M E N T ===============

14  And the title is amended as follows:

15         On page 1, lines 2-17, delete those lines

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17  and insert:

18         An act relating to international health

19         insurance policies sold at airports; creating

20         s. 624.123, F.S.; providing definitions;

21         authorizing licensed agents to sell

22         international health insurance policies to

23         residents of foreign countries at international

24         airports; requiring a specified disclaimer;

25         providing exemptions from regulation under the

26         Insurance Code; specifying applicable

27         provisions;

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