Senate Bill 0892
CODING: Words stricken are deletions; words underlined are additions.
Florida Senate - 2000 SB 892
By Senator King
8-575A-00 See CS/HB 313
1 A bill to be entitled
2 An act relating to payment of insurance claims;
3 amending s. 627.4035, F.S.; authorizing payment
4 of certain claims by debit card or other form
5 of electronic transfer under certain
6 circumstances; 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 (3) of section 627.4035, Florida
11 Statutes, is amended to read:
12 627.4035 Cash payment of premiums; claims.--
13 (3) All payments of claims made in this state under
14 any contract of insurance shall be paid:
15 (a) In cash consisting of coins, currency, checks,
16 drafts, or money orders and, if by check or draft, shall be in
17 such form as will comply with the standards for cash items
18 adopted by the Federal Reserve System to facilitate the
19 sorting, routing, and mechanized processing of such items; or
20 (b) If authorized in writing by the recipient or the
21 recipient's representative, by debit card or any other form of
22 electronic transfer. Any fees or costs to be charged against
23 the recipient must be disclosed in writing to the recipient or
24 the recipient's representative at the time of written
25 authorization.
26 Section 2. This act shall take effect upon becoming a
27 law.
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CODING: Words stricken are deletions; words underlined are additions.
Florida Senate - 2000 SB 892
8-575A-00 See CS/HB 313
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2 SENATE SUMMARY
3 Authorizes payment of claims made under a contract of
insurance by debit card or other form of electronic
4 transfer when authorized by the recipient or recipient's
representative.
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