Florida Senate - 2016                          SENATOR AMENDMENT
       Bill No. CS for CS for SB 1248
                              LEGISLATIVE ACTION                        
                    Senate             .             House              

       Senator Richter moved the following:
    1         Senate Amendment to Amendment (722508) (with title
    2  amendment)
    4         Delete lines 13 - 28
    5  and insert:
    6         1. The insurance must be placed only by or through a
    7  surplus lines agent licensed in this state.;
    8         2. The insurer must be made eligible under s. 626.918.; and
    9         3. The insured must sign a disclosure that substantially
   10  provides the following: “You are agreeing to place coverage in
   11  the surplus lines market. Superior coverage may be available in
   12  the admitted market and at a lesser cost. Persons insured by
   13  surplus lines carriers are not protected under the Florida
   14  Insurance Guaranty Act with respect to any right of recovery for
   15  the obligation of an insolvent unlicensed insurer.” If the
   16  notice is signed by the insured, the insured is presumed to have
   17  been informed and to know that other coverage may be available,
   18  and, with respect to the diligent-effort requirement under
   19  subsection (1), there is no liability on the part of, and no
   20  cause of action arises against, the retail agent presenting the
   21  form.
   22         4. An agent may not export a policy pursuant to this
   23  paragraph in any county with more than 50,000 residents without
   24  first complying with paragraphs (1)(a)-(d).
   26  ================= T I T L E  A M E N D M E N T ================
   27  And the title is amended as follows:
   28         Between lines 38 and 39
   29  insert:
   30         prohibiting an agent from exporting a certain policy
   31         in a specified county except after complying with
   32         certain provisions;