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.