1

The Committee on Banking and Insurance (Dawson) recommended the

2

following amendment:

3

4

     Senate Amendment (with title amendment)

5

     Delete everything after the enacting clause

6

and insert:

7

     Section 1.  Subsections (2) and (3) of section 627.7277,

8

Florida Statutes, are amended to read:

9

     627.7277  Notice of renewal premium.--

10

     (2)  An insurer shall mail or deliver to its policyholder at

11

least 45 30 days' advance written notice of the renewal premium

12

for the policy.

13

     (3) If the insurer fails to provide the 45 30 days' notice

14

of a renewal premium that results in a premium increase, the

15

coverage under the policy remains in effect at the existing rates

16

until 45 30 days after the notice is given or until the effective

17

date of replacement coverage obtained by the insured, whichever

18

occurs first.

19

     Section 2.  This act shall take effect July 1, 2008.

20

21

22

23

24

================ T I T L E  A M E N D M E N T ================

25

And the title is amended as follows:

26

     Delete everything before the enacting clause

27

and insert:

28

A bill to be entitled

29

An act relating to insurance renewal premiums; amending s.

30

627.7277, F.S.; increasing the period of advanced written

31

notice of renewal premium that must be provided by an

32

insurer to a policyholder; providing that if an insurer

33

fails to give such notice of a renewal premium resulting

34

in a premium increase, coverage under the policy remains

35

in effect at the existing rates until a specified period

36

after the notice is given or until the effective date of

37

replacement coverage obtained by the insured, whichever

38

occurs first; providing an effective date.

4/7/2008  9:30:00 AM     597-06780-08