SENATE AMENDMENT

    Bill No. CS for SB 1978

    Amendment No.    

                            CHAMBER ACTION
              Senate                               House
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11  Senator Holzendorf moved the following amendment:

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13         Senate Amendment (with title amendment) 

14         On page 3, lines 24-26, delete those lines

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16  and insert:

17         Section 3.  Section 627.171, Florida Statutes, is

18  amended to read:

19         627.171  Excess rates.--

20         (1)  With written consent of the insured signed prior

21  to the policy inception date and filed with the insurer, the

22  insurer may use a rate in excess of the otherwise applicable

23  filed rate on any specific risk.  The signed consent form must

24  include the filed rate as well as the excess rate for the risk

25  insured and a copy of the form must be maintained by the

26  insurer for 3 years and be available for review by the

27  department.

28         (2)  An insurer may not use excess rates pursuant to

29  this section for more than 20 10 percent of its commercial

30  insurance policies written or renewed in each calendar year

31  for any line of commercial insurance or for more than 5

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    3:30 PM   04/20/99                              s1978c1c-02k0a




                                                  SENATE AMENDMENT

    Bill No. CS for SB 1978

    Amendment No.    





 1  percent of its personal lines insurance policies written or

 2  renewed in each calendar year for any line of personal

 3  insurance.

 4         (3)  An insurer may not use an excess rate pursuant to

 5  this section unless the rate is based on underwriting

 6  considerations and is not based on arbitrary or unfairly

 7  discriminatory considerations.

 8         Section 4.  This act shall take effect July 1, 1999,

 9  and shall apply to policies issued on or renewed on or after

10  July 1, 2000.

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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         Delete everything before the enacting clause

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17  and insert:

18                      A bill to be entitled

19         An act relating to insurance; amending s.

20         627.739, F.S.; allowing insureds to elect

21         multiple personal injury protection policy

22         limitations; deleting requirement that insurers

23         offer certain limitations; allowing insureds to

24         receive appropriate premium reductions;

25         requiring notice; creating s. 627.7277, F.S.;

26         requiring insurers to give the policyholders

27         notice of the renewal premium; providing for

28         continuation of policy coverage at existing

29         rates if the insurer fails to comply; amending

30         s. 627.171, F.S.; allowing insurers to increase

31         the number of policies the rates of which are

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    3:30 PM   04/20/99                              s1978c1c-02k0a




                                                  SENATE AMENDMENT

    Bill No. CS for SB 1978

    Amendment No.    





 1         subject to the consent of the insured;

 2         providing an effective date.

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