Florida Senate - 2009                                     SB 410
       
       
       
       By Senator Fasano
       
       
       
       
       11-00336-09                                            2009410__
    1                        A bill to be entitled                      
    2         An act relating to insurance; amending s. 626.9541,
    3         F.S.; providing that an insurer's failure to offer in
    4         this state any kind or line of insurance which it
    5         offers in another jurisdiction constitutes an unfair
    6         method of competition and unfair or deceptive act;
    7         requiring that the Financial Services Commission adopt
    8         rules; providing an effective date.
    9         
   10  Be It Enacted by the Legislature of the State of Florida:
   11         
   12         Section 1. Paragraph (gg) is added to subsection (1) of
   13  section 626.9541, Florida Statutes, to read:
   14         626.9541 Unfair methods of competition and unfair or
   15  deceptive acts or practices defined.—
   16         (1) UNFAIR METHODS OF COMPETITION AND UNFAIR OR DECEPTIVE
   17  ACTS.—The following are defined as unfair methods of competition
   18  and unfair or deceptive acts or practices:
   19         (gg) Selectively limiting insurance offerings.—Failing to
   20  offer in this state a kind or line of insurance which the
   21  insurer offers in another jurisdiction. An insurer need not
   22  offer every kind or line of insurance, or any particular kind or
   23  line of insurance, in this state; however, if an insurer offers
   24  a particular kind or line of insurance anywhere the insurer does
   25  business, the insurer must offer the same kind or line in this
   26  state. The Financial Services Commission shall adopt rules to
   27  administer this paragraph.
   28         Section 2. This act shall take effect July 1, 2009.