Florida Senate - 2014                        COMMITTEE AMENDMENT
       Bill No. SPB 7062
       
       
       
       
       
       
                                Ì268180'Î268180                         
       
                              LEGISLATIVE ACTION                        
                    Senate             .             House              
                  Comm: FAV            .                                
                  03/11/2014           .                                
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       following:
       
    1         Senate Amendment 
    2  
    3         Delete lines 525 - 536
    4  and insert:
    5         (d) Provides prominent notice to the policyholder:
    6         1. That the policyholder does not have to accept an offer
    7  of coverage from a surplus lines insurer;
    8         2. That an offer of coverage from a surplus lines insurer
    9  does not affect whether the policyholder is eligible for
   10  coverage from the corporation;
   11         3. That a policyholder who accepts an offer of coverage
   12  from a surplus lines insurer may, at any time, submit a new
   13  application for coverage to the corporation;
   14         4. That surplus lines policies are not covered by the
   15  Florida Insurance Guaranty Association;
   16         5. That rates for surplus lines insurance are not subject
   17  to review by the office; and
   18         6. Of any additional information required by the office.
   19  
   20  Such notice must be signed by the policyholder and kept on file
   21  with the surplus lines insurer for as long as the policyholder
   22  remains insured by the surplus lines insurer.