Florida Senate - 2008 (Reformatted) SB 400
By Senator Fasano
11-00383-08 2008400__
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A bill to be entitled
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An act relating to insurance; amending s. 626.9541, F.S.;
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providing that an insurer's failure to offer in this state
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any kind or line of insurance which it offers in another
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jurisdiction constitutes an unfair method of competition
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and unfair or deceptive act; providing penalties;
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providing for rules; 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. Paragraph (ee) is added to subsection (1) of
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section 626.9541, Florida Statutes, to read:
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626.9541 Unfair methods of competition and unfair or
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deceptive acts or practices defined.--
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(1) UNFAIR METHODS OF COMPETITION AND UNFAIR OR DECEPTIVE
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ACTS.--The following are defined as unfair methods of competition
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and unfair or deceptive acts or practices:
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(ee) Selectively limiting insurance offerings.--Failing to
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offer in this state a kind or line of insurance which the insurer
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offers in another jurisdiction. An insurer need not offer every
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kind or line of insurance, or any particular kind or line of
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insurance, in this state; however, if an insurer offers a
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particular kind or line of insurance anywhere the insurer does
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business, the insurer must offer the same kind or line in this
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state. The commission shall adopt rules to administer this
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paragraph.
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Section 2. This act shall take effect July 1, 2008.
CODING: Words stricken are deletions; words underlined are additions.