| 1 | The Insurance Committee recommends the following: |
| 2 |
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| 3 | Council/Committee Substitute |
| 4 | Remove the entire bill and insert: |
| 5 | A bill to be entitled |
| 6 | An act relating to travel-limited life insurance coverage; |
| 7 | providing a purpose; specifying prohibited activities by |
| 8 | insurers for life insurance coverage relating to lawful |
| 9 | travel experiences; authorizing the Financial Services |
| 10 | Commission to adopt rules and provide certain limited |
| 11 | exceptions based on emergency conditions; providing an |
| 12 | effective date. |
| 13 |
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| 14 | Be It Enacted by the Legislature of the State of Florida: |
| 15 |
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| 16 | Section 1. (1) The purpose of this act is to prohibit a |
| 17 | life insurance company from refusing to insure or refusing to |
| 18 | continue to insure an individual, limiting the amount, extent, |
| 19 | or kind of coverage available to an individual, or charging an |
| 20 | individual a different rate for the same coverage solely for |
| 21 | reasons associated with an applicant's or insured's past or |
| 22 | future lawful travel experiences. |
| 23 | (2) An insurer may not refuse to insure or refuse to |
| 24 | continue to insure an individual, limit the amount, extent, or |
| 25 | kind of life insurance coverage available to an individual, or |
| 26 | charge an individual a different rate for the same coverage |
| 27 | solely for reasons associated with an applicant's or insured's |
| 28 | past or future lawful travel experiences. |
| 29 | (3) The Financial Services Commission may adopt rules |
| 30 | necessary to implement this section and may provide for limited |
| 31 | exceptions that are based upon national or international |
| 32 | emergency conditions that affect the public health, safety, and |
| 33 | welfare and that are consistent with public policy. |
| 34 | Section 2. This act shall take effect July 1, 2006. |