Senate Bill sb1674

    Florida Senate - 2001                                  SB 1674

    By Senator Latvala





    19-929-01

  1                      A bill to be entitled

  2         An act relating to assisted living facilities;

  3         directing the Department of Insurance to study

  4         issues relating to liability insurance for such

  5         facilities and to report its findings to the

  6         Governor and the Legislature; providing an

  7         effective date.

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

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11         Section 1.  The Legislature finds that limited

12  availability and increasing costs of liability insurance for

13  assisted living facilities create hardships for these

14  facilities. The Legislature further finds that the extent to

15  which insurance is becoming less easily obtainable and more

16  expensive, and the reasons therefor, are uncertain.

17         Section 2.  The Department of Insurance, within

18  existing resources, is directed to examine or determine the

19  following and to report its findings and determinations to the

20  Governor and the Legislature in writing by October 1, 2001:

21         (1)  The total premium volume for liability insurance

22  for assisted living facilities in this state for calendar

23  years 1997-2000.

24         (2)  Total liability losses for assisted living

25  facilities in this state for calendar years 1997-2000, as of

26  July 1, 2001.

27         (3)  An estimate of the total number of lawsuits

28  instituted in this state against assisted living facilities on

29  behalf of facility residents for calendar years 1997-2000.

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






    Florida Senate - 2001                                  SB 1674
    19-929-01




  1         (4)  The number of admitted and nonadmitted insurers

  2  actively writing liability insurance for assisted living

  3  facilities in this state in calendar years 1997-2000.

  4         (5)  Whether any market condition or statutory

  5  provision has contributed or is contributing to these findings

  6  and determinations.

  7         Section 3.  This act shall take effect upon becoming a

  8  law.

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11                          SENATE SUMMARY

12    Directs the Department of Insurance to study issues
      relating to liability insurance for assisted living
13    facilities, including premiums, losses, the number of
      lawsuits, the number of insurers writing that insurance,
14    and the effects of market conditions and statutory
      requirements, and to report its findings to the Governor
15    and the Legislature by October 1, 2001.

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