Florida Senate - 2008 (Reformatted) SB 306
By Senator Garcia
40-00276-08 2008306__
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A bill to be entitled
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An act relating to private passenger automobile insurers;
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amending s. 624.4055, F.S.; expanding a prohibition
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against insurers writing private passenger automobile
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insurance from writing such insurance under certain
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circumstances; providing an effective date.
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Be It Enacted by the Legislature of the State of Florida:
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Section 1. Section 624.4055, Florida Statutes, is amended
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to read:
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624.4055 Restrictions on existing private passenger
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automobile insurance.--Effective January 1, 2008, No insurer
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writing private passenger automobile insurance in this state may
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continue to write such insurance if the insurer writes
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homeowners' insurance in another state but not in this state,
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unless the insurer writing private passenger automobile insurance
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in this state is affiliated with an insurer writing homeowners'
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insurance in this state or also writes homeowners' insurance
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policies in this state and at least 50 percent of the insurer's
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policies are homeowners' insurance policies.
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Section 2. This act shall take effect July 1, 2008.
CODING: Words stricken are deletions; words underlined are additions.