| 1 | Representative Bean offered the following: |
| 2 |
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| 3 | Amendment to Amendment (832931) (with title amendment) |
| 4 | On line 1086, insert: |
| 5 | Section 41. Subsection (1) of section 627.7282, Florida |
| 6 | Statutes, is amended to read: |
| 7 | 627.7282 Notice of additional premium; cancellation upon |
| 8 | nonpayment.-- |
| 9 | (1) Upon a determination by an insurer that, in accordance |
| 10 | with its rate filings and the applicable laws of this state |
| 11 | relating to private passenger motor vehicle insurance, a |
| 12 | policyholder has been charged a premium that is incorrect for |
| 13 | the coverage set forth in the insurance application, the insurer |
| 14 | shall immediately provide notice to the policyholder of the |
| 15 | amount of additional premium due to the insurer. Such notice may |
| 16 | be included with the initial policy form and state that the |
| 17 | policyholder has the following options: |
| 18 | (a) The policyholder has a period of 10 days, or a longer |
| 19 | period if specified by the insurer, from receipt of the notice |
| 20 | within which to pay the additional amount of premium due and |
| 21 | thereby maintain the policy in full force under its original |
| 22 | terms. |
| 23 | (b) The policyholder has a period of 10 days, or a longer |
| 24 | period if specified by the insurer, from receipt of the notice |
| 25 | within which to cancel the policy and demand a refund of any |
| 26 | unearned premiums. |
| 27 | (c) If the policyholder fails to timely respond to the |
| 28 | notice, the insurer shall cancel the policy and return any |
| 29 | unearned premium to the insured. The date on which the policy |
| 30 | will be canceled shall be stated in the notice and shall in no |
| 31 | case be less than 14 days after the date of the notice. |
| 32 |
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| 33 | ================= T I T L E A M E N D M E N T ================= |
| 34 | Remove line 1174 and insert: |
| 35 | drug test under certain circumstances; amending s. 627.7282, |
| 36 | F.S.; revising a provision relating to a required insurer notice |
| 37 | to a policyholder of an incorrect premium charge; amending ss. |
| 38 | 440.05 |