House Bill 3697

    Florida House of Representatives - 1998                HB 3697

        By Representative Bainter






  1                      A bill to be entitled

  2         An act relating to commercial inland marine

  3         insurance; amending s. 627.410, F.S.;

  4         clarifying an exemption from certain form

  5         filing requirements for commercial inland

  6         marine insurance risks; providing an effective

  7         date.

  8

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

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

12  Statutes, is amended to read:

13         627.410  Filing, approval of forms.--

14         (1)  No basic insurance policy or annuity contract

15  form, or application form where written application is

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

17  or group certificates issued under a master contract delivered

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

19  renewal certificate, shall be delivered or issued for delivery

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

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

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

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

24  surety bonds or to commercial specially rated inland marine

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

26  unique character which are designed for and used with relation

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

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

29  distribution of benefits or to the reservation of rights and

30  benefits under life or health insurance policies and are used

31  at the request of the individual policyholder, contract

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






    Florida House of Representatives - 1998                HB 3697

    143-233-98






  1  holder, or certificateholder.  As to group insurance policies

  2  effectuated and delivered outside this state but covering

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

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

  5  with the department for information purposes only.

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

  7  law.

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10                          HOUSE SUMMARY

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      Clarifies an exemption from form filing requirements for
12    commercial inland marine insurance risks. See bill for
      details.
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