Senate Bill sb0450er

    ENROLLED

    2005 Legislature                         SB 450, 1st Engrossed



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  2         An act relating to unfair insurance practices;

  3         amending s. 626.9541, F.S.; providing that

  4         certain rate increases for motor vehicle

  5         insurance for insureds on active military

  6         service, and their covered dependents,

  7         constitute unfair practices; providing

  8         penalties; providing an effective date.

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

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12         Section 1.  Paragraph (cc) is added to subsection (1)

13  of section 626.9541, Florida Statutes, to read:

14         626.9541  Unfair methods of competition and unfair or

15  deceptive acts or practices defined.--

16         (1)  UNFAIR METHODS OF COMPETITION AND UNFAIR OR

17  DECEPTIVE ACTS.--The following are defined as unfair methods

18  of competition and unfair or deceptive acts or practices:

19         (cc)  Unfair rate increases for persons in military

20  service.--Charging an increased premium for reinstating a

21  motor vehicle insurance policy that was canceled or suspended

22  by the insured solely for the reason that he or she was

23  transferred out of this state while serving in the United

24  States Armed Forces or on active duty in the National Guard or

25  United States Armed Forces Reserve. It is also an unfair

26  practice for an insurer to charge an increased premium for a

27  new motor vehicle insurance policy if the applicant for

28  coverage or his or her covered dependents were previously

29  insured with a different insurer and canceled that policy

30  solely for the reason that he or she was transferred out of

31  this state while serving in the United States Armed Forces or


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




    ENROLLED

    2005 Legislature                         SB 450, 1st Engrossed



 1  on active duty in the National Guard or United States Armed

 2  Forces Reserve. For purposes of determining premiums, an

 3  insurer shall consider such persons as having maintained

 4  continuous coverage.

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

 6  law.

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