| 1 | A bill to be entitled |
| 2 | An act relating to insurance; amending s. 626.9541, F.S.; |
| 3 | providing that an insurer's failure to offer in this state |
| 4 | any kind or line of insurance offered in another |
| 5 | jurisdiction constitutes an unfair method of competition |
| 6 | and an unfair or deceptive act; providing penalties; |
| 7 | requiring the Financial Services Commission to adopt |
| 8 | rules; providing an effective date. |
| 9 |
|
| 10 | Be It Enacted by the Legislature of the State of Florida: |
| 11 |
|
| 12 | Section 1. Paragraph (ee) is added to subsection (1) of |
| 13 | 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 DECEPTIVE |
| 17 | ACTS.--The following are defined as unfair methods of |
| 18 | competition and unfair or deceptive acts or practices: |
| 19 | (ee) Selectively limiting insurance offerings.--Failing to |
| 20 | offer in this state a kind or line of insurance which the |
| 21 | insurer offers in another jurisdiction. An insurer need not |
| 22 | offer every kind or line of insurance, or any particular kind or |
| 23 | line of insurance, in this state; however, if an insurer offers |
| 24 | a particular kind or line of insurance anywhere the insurer does |
| 25 | business, the insurer must offer the same kind or line in this |
| 26 | state. The commission shall adopt rules to implement and |
| 27 | administer this paragraph. |
| 28 | Section 2. This act shall take effect upon becoming a law. |