Senate Bill sb2294er

    ENROLLED

    2003 Legislature                                       SB 2294



  1                                 

  2         An act relating to communications equipment

  3         property insurance; amending s. 626.321, F.S.;

  4         including certificates under a group master

  5         policy in an authorization to sell under a

  6         license; exempting certain communications

  7         equipment property insurance licensees from

  8         certain fingerprinting requirements; providing

  9         an effective date.

10  

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

12  

13         Section 1.  Paragraph (i) of subsection (1) and

14  subsection (3) of section 626.321, Florida Statutes, are

15  amended to read:

16         626.321  Limited licenses.--

17         (1)  The department shall issue to a qualified

18  individual, or a qualified individual or entity under

19  paragraphs (c), (d), (e), and (i), a license as agent

20  authorized to transact a limited class of business in any of

21  the following categories:

22         (i)  In-transit and storage personal property

23  insurance; communications equipment property insurance or

24  communications equipment inland marine insurance.--

25         1.  A license covering only the insurance of personal

26  property not held for resale, covering the risks of

27  transportation or storage in rented or leased motor vehicles,

28  trailers, or self-service storage facilities, as the latter

29  are defined in s. 83.803, may be issued, without examination,

30  only to employees or authorized representatives of lessors who

31  rent or lease motor vehicles, trailers, or self-service


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    ENROLLED

    2003 Legislature                                       SB 2294



 1  storage facilities and who are authorized by an insurer to

 2  issue certificates or other evidences of insurance to lessees

 3  of such motor vehicles, trailers, or self-service storage

 4  facilities under an insurance policy issued to the lessor. A

 5  person licensed under this paragraph shall give a prospective

 6  purchaser of in-transit or storage personal property insurance

 7  written notice that his or her homeowner's policy may provide

 8  coverage for the loss of personal property and that the

 9  purchase of such insurance is not required under the lease

10  terms.

11         2.  A license covering only communications equipment,

12  for the loss, theft, mechanical failure, malfunction of or

13  damage to, communications equipment. The license may be issued

14  only to:

15         a.  Employees or authorized representatives of a

16  licensed general lines agent;

17         b.  Each business location of a retail vendor of

18  communications equipment; or

19         c.  Employees, agents, or authorized representatives of

20  a retail vendor of communications equipment.

21  

22  The license authorizes the sale of such policies, or

23  certificates under a group master policy, only with respect to

24  the sale of, or provision of communications service for,

25  communications equipment. A general lines agent is not

26  required to obtain a license under this subparagraph to offer

27  or sell communications equipment property insurance or

28  communication equipment inland marine insurance. The

29  provisions of this chapter requiring submission of

30  fingerprints do not apply to communications equipment licenses

31  issued to qualified entities under this subparagraph.


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    ENROLLED

    2003 Legislature                                       SB 2294



 1  Licensees offering policies under this subparagraph must

 2  receive initial training from, and have a contractual

 3  relationship with, a general lines agent. For the purposes of

 4  this subparagraph, the term "communications equipment" means

 5  handsets, pagers, personal digital assistants, portable

 6  computers, automatic answering devices, and other devices or

 7  accessories used to originate or receive communications

 8  signals or service, and includes services related to the use

 9  of such devices, such as consumer access to a wireless

10  network; however, the term does not include telecommunications

11  switching equipment, transmission wires, cell site transceiver

12  equipment, or other equipment and systems used by

13  telecommunications companies to provide telecommunications

14  service to consumers.

15         (3)  Except as otherwise expressly provided, a person

16  an individual applying for or holding a limited license shall

17  be subject to the same applicable requirements and

18  responsibilities as apply to general lines agents in general,

19  if licensed as to motor vehicle physical damage and mechanical

20  breakdown insurance, credit property insurance, industrial

21  fire insurance or burglary insurance, in-transit and storage

22  personal property insurance, communications equipment property

23  insurance or communications equipment inland marine insurance,

24  baggage and motor vehicle excess liability insurance, or

25  credit insurance; or as apply to life agents or health agents

26  in general, as the case may be, if licensed as to personal

27  accident insurance or credit life or credit disability

28  insurance.

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

30  law.

31  


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