1 | Representative Bean offered the following: |
2 |
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3 | Amendment to Amendment (832931) (with title amendment) |
4 | On line 1086, insert: |
5 | Section 41. Subsection (1) of section 627.7282, Florida |
6 | Statutes, is amended to read: |
7 | 627.7282 Notice of additional premium; cancellation upon |
8 | nonpayment.-- |
9 | (1) Upon a determination by an insurer that, in accordance |
10 | with its rate filings and the applicable laws of this state |
11 | relating to private passenger motor vehicle insurance, a |
12 | policyholder has been charged a premium that is incorrect for |
13 | the coverage set forth in the insurance application, the insurer |
14 | shall immediately provide notice to the policyholder of the |
15 | amount of additional premium due to the insurer. Such notice may |
16 | be included with the initial policy form and state that the |
17 | policyholder has the following options: |
18 | (a) The policyholder has a period of 10 days, or a longer |
19 | period if specified by the insurer, from receipt of the notice |
20 | within which to pay the additional amount of premium due and |
21 | thereby maintain the policy in full force under its original |
22 | terms. |
23 | (b) The policyholder has a period of 10 days, or a longer |
24 | period if specified by the insurer, from receipt of the notice |
25 | within which to cancel the policy and demand a refund of any |
26 | unearned premiums. |
27 | (c) If the policyholder fails to timely respond to the |
28 | notice, the insurer shall cancel the policy and return any |
29 | unearned premium to the insured. The date on which the policy |
30 | will be canceled shall be stated in the notice and shall in no |
31 | case be less than 14 days after the date of the notice. |
32 |
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33 | ================= T I T L E A M E N D M E N T ================= |
34 | Remove line 1174 and insert: |
35 | drug test under certain circumstances; amending s. 627.7282, |
36 | F.S.; revising a provision relating to a required insurer notice |
37 | to a policyholder of an incorrect premium charge; amending ss. |
38 | 440.05 |