Bill No. CS/HB 1087
Amendment No. 663971
Senate House

1Representative Hager offered the following:
3     Amendment (with title amendment)
4     Between lines 767 and 768, insert:
5     Section 14.  Subsection (3) of section 626.916, Florida
6Statutes, is amended to read:
7     626.916  Eligibility for export.-
8     (3)(a)  Subsection (1) does not apply to wet marine and
9transportation or aviation risks which are subject to s.
11     (b)  Paragraphs (1)(a)-(d) do not apply to classes of
12insurance which are subject to s. 627.062(3)(d)1. These classes
13may be exportable under the following conditions:
14     1.  The insurance must be placed only by or through a
15surplus lines agent licensed in this state;
16     2.  The insurer must be made eligible under s. 626.918; and
17     3.  The insured must sign a disclosure that substantially
18provides the following: "You are agreeing to place coverage in
19the surplus lines market. Superior coverage may be available in
20the admitted market and at a lesser cost. Persons insured by
21surplus lines carriers are not protected under the Florida
22Insurance Guaranty Act with respect to any right of recovery for
23the obligation of an insolvent unlicensed insurer." If the
24notice is signed by the insured, the insured is presumed to have
25been informed and to know that other coverage may be available,
26and, with respect to the diligent-effort requirement under
27subsection (1), there is no liability on the part of, and no
28cause of action arises against, the retail agent presenting the
T I T L E  A M E N D M E N T
34     Remove line 80 and insert:
35under certain circumstances; amending s. 626.916, F.S.; revising
36provisions relating to insurance coverage eligibility for export
37under the Surplus Lines Law; providing applicability;

CODING: Words stricken are deletions; words underlined are additions.