Florida Senate - 2016                          SENATOR AMENDMENT
       Bill No. CS for CS for SB 1274
       
       
       
       
       
       
                                Ì796100kÎ796100                         
       
                              LEGISLATIVE ACTION                        
                    Senate             .             House              
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                 Floor: WD/2R          .                                
             03/02/2016 11:37 AM       .                                
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       Senator Latvala moved the following:
       
    1         Senate Amendment to Amendment (734162) (with title
    2  amendment)
    3  
    4         Between lines 50 and 51
    5  insert:
    6         Section 3. Subsection (1) of section 627.0645, Florida
    7  Statutes, is amended to read:
    8         627.0645 Annual filings.—
    9         (1) Each rating organization filing rates for, and each
   10  insurer writing, any line of property or casualty insurance to
   11  which this part applies, except:
   12         (a) Workers’ compensation and employer’s liability
   13  insurance; or
   14         (b) Insurance as defined in ss. 624.604 and 624.605,
   15  limited to coverage of commercial risks other than commercial
   16  residential multiperil; or,
   17         (c) Travel insurance, if issued as a master group policy
   18  with a situs in another state where each certificateholder pays
   19  less than $30 in premium for each covered trip and where the
   20  insurer has written less than $1 million in annual written
   21  premiums in the travel insurance product in this state during
   22  the most recent calendar year,
   23  
   24  shall make an annual base rate filing for each such line with
   25  the office no later than 12 months after its previous base rate
   26  filing, demonstrating that its rates are not inadequate.
   27  
   28  ================= T I T L E  A M E N D M E N T ================
   29  And the title is amended as follows:
   30         Delete lines 181 - 188
   31  and insert:
   32         An act relating to insurance; amending s. 624.407,
   33         F.S.; specifying the amount of surplus funds required
   34         for domestic insurers applying for a certificate of
   35         authority to provide limited sinkhole coverage
   36         insurance; amending s. 624.408, F.S.; specifying the
   37         minimum surplus funds that must be maintained by
   38         insurers that provide limited sinkhole coverage
   39         insurance; amending s. 627.0645, F.S.; adding
   40         specified travel insurance to a list of insurance
   41         products exempted from a certain annual base rate
   42         filing requirement; creating s.