Florida Senate - 2005                        SENATOR AMENDMENT
    Bill No. CS for SB 216
                        Barcode 295056
                            CHAMBER ACTION
              Senate                               House
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       04/27/2005 04:59 PM         .                    
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11  Senators Clary, Webster, King, Argenziano and Haridopolos
12  moved the following substitute for amendment (590580):
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14         Senate Amendment (with title amendment) 
15         On page 2, between lines 17 and 18,
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17  insert:
18         Section 3.  (1)  Notwithstanding anything in section
19  627.062, Florida Statutes, or the Florida Insurance Code to
20  the contrary, the Department of Insurance shall not approve a
21  rate to be charged in a motor vehicle insurance policy that is
22  issued or renewed on or after the effective date of this act
23  unless that rate includes a reduction based upon the projected
24  savings to the insurer as a result of the "primary
25  enforcement" or Florida's seat-belt law implemented by section
26  (1) of this act. The amount of the reduction shall be
27  separately stated in the rate filing made by the insurer with
28  the department and the reduction shall be documented and
29  supported by actuarial data and analysis. A rate which
30  includes a reduction of less than 10 percent for personal
31  injury protection, medical payments, uninsured motorist, and
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    1:49 PM   04/27/05                             s0216c1c-04-101


    Florida Senate - 2005                        SENATOR AMENDMENT
    Bill No. CS for SB 216
                        Barcode 295056
 1  bodily injury liability coverages shall be presumed to be an
 2  excessive or unfairly discriminatory rate, unless the insurer
 3  demonstrates by appropriate actuarial data as part of the rate
 4  filing process in section 627.062, Florida Statutes, that a
 5  lower reduction is warranted.
 6         (2)  This section shall take effect upon becoming law
 7  and shall apply only to motor vehicle insurance policies
 8  issued or renewed on or after the effective date of this act. 
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11  ================ T I T L E   A M E N D M E N T ===============
12  And the title is amended as follows:
13         On page 1, line 8, after the semicolon
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15  insert:
16         requiring motor vehicle insurers to reduce
17         rates for certain motor vehicle insurance
18         coverages;
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    1:49 PM   04/27/05                             s0216c1c-04-101