Senate Bill sb1702

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    Florida Senate - 2003                                  SB 1702

    By Senator Posey





    24-1042-03

  1                      A bill to be entitled

  2         An act relating to limited insurance licenses;

  3         amending s. 626.321, F.S.; revising provisions

  4         relating to limited licenses for the sale of

  5         personal accident insurance and baggage and

  6         motor vehicle excess liability insurance;

  7         providing for the licensure of business

  8         entities that rent motor vehicles; extending

  9         the rental period that may be covered by

10         insurance sold by such entities; providing an

11         effective date.

12

13  Be It Enacted by the Legislature of the State of Florida:

14

15         Section 1.  Paragraphs (c) and (d) of subsection (1) of

16  section 626.321, Florida Statutes, are amended to read:

17         626.321  Limited licenses.--

18         (1)  The department shall issue to a qualified

19  individual, or a qualified individual or entity under

20  paragraphs (c), (d), (e), and (i), a license as agent

21  authorized to transact a limited class of business in any of

22  the following categories:

23         (c)  Personal accident insurance.--License covering

24  only policies of personal accident insurance covering the

25  risks of travel, except as provided in subparagraph 2.  The

26  license may be issued only:

27         1.  To a full-time salaried employee of a common

28  carrier or a full-time salaried employee or owner of a

29  transportation ticket agency and may authorize the sale of

30  such ticket policies only in connection with the sale of

31  transportation tickets, or to the full-time salaried employee

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    Florida Senate - 2003                                  SB 1702
    24-1042-03




  1  of such an agent.  No such policy shall be for a duration of

  2  more than 48 hours or for the duration of a specified one-way

  3  trip or round trip.

  4         2.  To a full-time salaried employee of a business

  5  which offers motor vehicles for rent or lease, or to a

  6  business office of a business entity that which offers motor

  7  vehicles for rent or lease if insurance sales activities

  8  authorized by the license are in connection with and

  9  incidental to the rental of a motor vehicle limited to

10  full-time salaried employees.  A business entity office

11  licensed or a person licensed pursuant to this subparagraph

12  may, as an agent of an insurer, transact insurance that

13  provides coverage for accidental personal injury or death of

14  the lessee and any passenger who is riding or driving with the

15  covered lessee in the rental motor vehicle if the lease or

16  rental agreement is for not more than 90 30 days, or if the

17  lessee is not provided coverage for more than 90 30

18  consecutive days per lease period; however, if the lease is

19  extended beyond 90 30 days, the coverage may be extended one

20  time only for a period not to exceed an additional 30 days.

21         (d)  Baggage and motor vehicle excess liability

22  insurance.--

23         1.  License covering only insurance of personal effects

24  except as provided in subparagraph 2.  The license may be

25  issued only:

26         a.  To a full-time salaried employee of a common

27  carrier or a full-time salaried employee or owner of a

28  transportation ticket agency, which person is engaged in the

29  sale or handling of transportation of baggage and personal

30  effects of travelers, and may authorize the sale of such

31  insurance only in connection with such transportation; or

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    Florida Senate - 2003                                  SB 1702
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  1         b.  To the full-time salaried employee of a licensed

  2  general lines agent, a full-time salaried employee of a

  3  business which offers motor vehicles for rent or lease, or to

  4  a business entity that office of a business which offers motor

  5  vehicles for rent or lease if insurance sales activities

  6  authorized by the license are in connection with and

  7  incidental to the rental of a motor vehicle limited to

  8  full-time salaried employees.

  9

10  The business entity offering purchaser of baggage insurance

11  shall make available be provided written information

12  disclosing that states that the insured's homeowner's policy

13  may provide coverage for loss of personal effects and that the

14  purchase of such insurance is not required in connection with

15  the purchase of tickets or in connection with the lease or

16  rental of a motor vehicle.

17         2.  A business entity that office licensed pursuant to

18  subparagraph 1., or a person licensed pursuant to subparagraph

19  1. who is a full-time salaried employee of a business which

20  offers motor vehicles for rent or lease, may include lessees

21  under a master contract providing coverage to the lessor or

22  may transact excess motor vehicle liability insurance

23  providing coverage in excess of the standard liability limits

24  provided by the lessor in its lease to a person renting or

25  leasing a motor vehicle from the licensee's employer for

26  liability arising in connection with the negligent operation

27  of the leased or rented motor vehicle, provided that the lease

28  or rental agreement is for not more than 90 30 days; that the

29  lessee is not provided coverage for more than 90 30

30  consecutive days per lease period, and, if the lease is

31  extended beyond 90 30 days, the coverage may be extended one

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    Florida Senate - 2003                                  SB 1702
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  1  time only for a period not to exceed an additional 30 days;

  2  that the business entity makes available information that

  3  states that the lessee's lessee is given written notice that

  4  his or her personal insurance policy providing coverage on an

  5  owned motor vehicle may provide additional excess coverage;

  6  and that the purchase of the insurance is not required in

  7  connection with the lease or rental of a motor vehicle.  The

  8  excess liability insurance may be provided to the lessee as an

  9  additional insured on a policy issued to the licensee's

10  employer.

11         3.  A business entity that office licensed pursuant to

12  subparagraph 1., or a person licensed pursuant to subparagraph

13  1. who is a full-time salaried employee of a business which

14  offers motor vehicles for rent or lease, may, as an agent of

15  an insurer, transact insurance that provides coverage for the

16  liability of the lessee to the lessor for damage to the leased

17  or rented motor vehicle if:

18         a.  The lease or rental agreement is for not more than

19  90 30 days; or the lessee is not provided coverage for more

20  than 90 30 consecutive days per lease period, but, if the

21  lease is extended beyond 90 30 days, the coverage may be

22  extended one time only for a period not to exceed an

23  additional 30 days; and

24         b.  The business entity makes available information

25  that states that the lessee's lessee is given written notice

26  that his or her personal insurance policy that provides

27  coverage on an owned motor vehicle may provide such coverage

28  with or without a deductible; and that

29         c.  the purchase of the insurance is not required in

30  connection with the lease or rental of a motor vehicle.

31         Section 2.  This act shall take effect July 1, 2003.

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    Florida Senate - 2003                                  SB 1702
    24-1042-03




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  2                          SENATE SUMMARY

  3    Revises provisions related to the issuance of limited
      insurance licenses to allow the licensure of certain
  4    business entities to sell personal accident insurance and
      baggage and motor vehicle excess liability insurance.
  5    Extends the rental periods for which such insurance may
      be issued.
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