HOUSE AMENDMENT
Bill No. SB 40A
   
1 CHAMBER ACTION
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Senate House
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12          Representative Johnson offered the following:
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14          Amendment (with title amendment)
15          On page 2, before line 1,
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17          insert:
18          Section 1. (1) Notwithstanding the amendment to section
19    626.7451, Florida Statutes, by HB 513, subsection (11) of
20    section 626.7451, Florida Statutes is not amended as provided by
21    that act, but is reenacted to read:
22          626.7451 Managing general agents; required contract
23    provisions.--No person acting in the capacity of a managing
24    general agent shall place business with an insurer unless there
25    is in force a written contract between the parties which sets
26    forth the responsibility for a particular function, specifies
27    the division of responsibilities, and contains the following
28    minimum provisions:
29          (11) A licensed managing general agent, when placing
30    business with an insurer under this code, may charge a per-
31    policy fee not to exceed $25. In no instance shall the aggregate
32    of per-policy fees for a placement of business authorized under
33    this section, when combined with any other per-policy fee
34    charged by the insurer, result in per-policy fees which exceed
35    the aggregate amount of $25. The per-policy fee shall be a
36    component of the insurer's rate filing and shall be fully
37    earned.
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39          For the purposes of this section and ss. 626.7453 and 626.7454,
40    the term "controlling person" or "controlling" has the meaning
41    set forth in s. 625.012(5)(b)1., and the term "controlled
42    person" or "controlled" has the meaning set forth in s.
43    625.012(5)(b)2.
44          (2) This section shall take effect upon this act becoming
45    a law, except that, if this act does not become a law before HB
46    513 becomes a law, this section shall operate retroactively to
47    the date that HB 513 becomes a law.
48          Section 2. If any law that is amended by this act was also
49    amended by a law enacted at the 2003 Regular Session of the
50    Legislature, such laws shall be construed as if they had been
51    enacted during the same session of the Legislature, and full
52    effect should be given to each if that is possible.
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54    ================= T I T L E A M E N D M E N T =================
55          On page 1, line(s) 2 and 3,
56          remove: all of said lines
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58          and insert: An act relating to insurance consumer protection;
59    reenacting and amending s. 626.7451(11), F.S., notwithstanding
60    amendments to that subsection by HB 513; providing for
61    retroactive application; providing for construction of the act
62    in pari materia with laws enacted during the Regular Session of
63    the Legislature; creating s.