Bill > H0359

Introduced Session

An act relating to insurance; amending s. 319.30, F.S.; revising a certain electronic signature requirement for a motor vehicle salvage certificate of title; amending ss. 440.12 and 440.20, F.S.; authorizing the payment of certain workers' compensation benefits to be transmitted to the employee's account with a licensed money transmitter; amending s. 624.01, F.S.; adding ch. 647, F.S., to the Florida Insurance Code; amending s. 624.155, F.S.; revising requirements and procedures for the civil remedy notice provided to insurers and the Department of Financial Services; revising the timeframe for an insurer to pay damages or for certain circumstances to be corrected; revising circumstances that toll the applicable statute of limitations and the period the statute of limitations is tolled; amending ss. 624.307 and 624.315, F.S.; providing that certain aggregate information containing trade secret information may be publicly disclosed by the department or the Office of Insurance Regulation, except under certain circumstances; amending s. 624.422, F.S., requiring insurers to file with the department certain contact information for service of process; amending s. 626.321, F.S.; revising the coverage provided under policies and certificates of travel insurance; providing that certain travel insurance licenses are subject to review by the department rather than by the office; revising persons who may be licensed to transact in travel insurance; specifying licensure and registration requirements for certain persons; defining the term "travel retailer"; specifying requirements for, restrictions on, and authorized acts by travel retailers and limited lines travel insurance producers; defining the term "offer and disseminate"; authorizing certain persons to sell, solicit, and negotiate travel insurance; amending ss. 627.062, 627.0651, and 627.410, F.S.; specifying that certain periods ending on a weekend or on certain holidays are extended until the conclusion of the next business day; amending s. 627.072, F.S., providing a ratemaking factor for workers' compensation and employer's liability insurance; amending s. 627.714, F.S.; revising criteria for assessing a residential condominium unit owner's loss assessment coverage; amending s. 627.7295, F.S.; decreasing the timeframe during which an insurer may not cancel a new policy or binder of motor vehicle insurance for nonpayment of premium, except under certain circumstances; creating ch. 647, F.S., entitled "Travel Insurance"; creating s. 647.01, F.S.; providing legislative purpose; providing applicability; creating s. 647.02, F.S.; defining terms; creating s. 647.03, F.S.; defining the terms "primary certificateholder" and "primary policyholder"; requiring travel insurers to pay the insurance premium tax on specified travel insurance premiums; providing construction; specifying requirements for travel insurers; creating s. 647.04, F.S.; providing that a travel protection plan may be offered for one price if it meets specified requirements; creating s. 647.05, F.S.; specifying sales practice requirements relating to travel insurance; specifying a policyholder's or certificateholder's right to cancel a travel protection plan for a full refund; defining the term "delivery"; specifying unfair insurance trade practices; specifying prohibited sales practices relating to travel insurance and travel protection plans; providing construction; creating s. 647.06, F.S.; specifying qualifications for travel administrators; providing an exemption from certain licensure; providing that insurers are responsible for ensuring certain acts by travel administrators; creating s. 647.07, F.S.; specifying the classification for travel insurance for rate filing purposes; specifying authorized forms of travel 76 insurance; providing applicability of certain 77 provisions of the Rating Law; authorizing the 78 development and provision of travel insurance programs 79 on certain bases; creating s. 647.08, F.S.; requiring 80 the office to adopt rules; providing effective dates. 81

AI Summary

Committee Categories

David Santiago (R)*, 

Other Sponsors (2)

Laid on Table - Companion bill(s) CS/CS/SB 1606 passed (on 03/10/2020)

Official Document