CODING: Words stricken are deletions; words underlined are additions.
SENATE AMENDMENT
Bill No. CS/HB 339
Amendment No. ___
CHAMBER ACTION
Senate House
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11 Senators Silver and Sebesta moved the following amendment:
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13 Senate Amendment (with title amendment)
14 On page 8, between lines 18 and 19,
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16 insert:
17 Section 10. Section 627.5015, Florida Statutes, is
18 created to read:
19 627.5015 Industrial life insurance prohibited;
20 application; disclosure.--
21 (1) A policy of industrial life insurance may not be
22 delivered or issued in this state on or after October 1, 2000.
23 (2) Each policy of industrial life insurance in effect
24 before October 1, 2000, is subject to all applicable
25 provisions of the Florida Insurance Code and rules adopted
26 under the code.
27 (3) Each insurer that collects premiums in this state
28 for a policy of industrial life insurance must annually
29 disclose to the policyholder or premium payor the total amount
30 of premiums paid, the cash value, and the amount of the death
31 benefits payable under the policy.
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SENATE AMENDMENT
Bill No. CS/HB 339
Amendment No. ___
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2 (Redesignate subsequent sections.)
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6 And the title is amended as follows:
7 On page 1, line 16, after the semicolon
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9 insert:
10 creating s. 627.5015, F.S.; prohibiting
11 delivery or issuance of industrial life
12 insurance policies after a certain date;
13 providing application; requiring disclosure of
14 certain information to policyholders or premium
15 payors;
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