HB 1493

1	A bill to be entitled
2	An act relating to motor vehicle and casualty insurance
3	contracts; amending s. 627.728, F.S.; prohibiting an
4	insurer from conditioning the renewal of a policy upon a
5	change of limits, elimination of any coverages, or
6	increase in premium unless the insurer provides written
7	notice in advance to the insured or the insured's
8	insurance agent; requiring that the specific reason or
9	reasons for any conditioned renewal or increase in premium
10	be included in or with such notice; providing exceptions;
11	providing an effective date.
12
13	Be It Enacted by the Legislature of the State of Florida:
14
15	Section 1.  Present subsections (5) through (12) of section
16	627.728, Florida Statutes, are renumbered as subsections (6)
17	through (13), respectively, and a new subsection (5) is added to
18	that section, to read:
19	627.728  Cancellations; nonrenewals.--
20	(5)  An insurer may not condition the renewal of a policy
21	upon a change of limits, elimination of any coverages, or
22	payment of increased premium unless the insurer, at least 45
23	days in advance of such conditioned renewal, mails or delivers
24	to the named insured, at the address listed on the policy, and
25	to the named insured's insurance agent at her or his business
26	address, written notice of the insurer's intention to condition
27	a renewal upon a change of limits, elimination of any coverages,
28	or payment of increased premium. The specific reason or reasons
29	for any conditioned renewal or increase in premium must be
30	included in or with the notice. This paragraph does not apply if
31	the named insured, an agent or broker authorized by the named
32	insured, or an insurer of the named insured has mailed or
33	delivered written notice to the insurer that the insured intends
34	to cancel or not to renew the policy, or that the policy has
35	been replaced.
36	Section 2.  This act shall take effect July 1, 2008.

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