Florida Senate - 2014                        COMMITTEE AMENDMENT
       Bill No. CS for SB 870
                              LEGISLATIVE ACTION                        
                    Senate             .             House              
                  Comm: RCS            .                                
                  04/21/2014           .                                

       The Committee on Rules (Richter) recommended the following:
    1         Senate Substitute for Amendment (752180) (with title
    2  amendment)
    4         Between lines 73 and 74
    5  insert:
    6         Section 3. Subsection (2) of section 627.902, Florida
    7  Statutes, is amended to read:
    8         627.902 Premium financing by an insurer or subsidiary.—
    9         (2) Nothing in This part or in part XV of this chapter does
   10  not disallow disallows or otherwise apply applies to:
   11         (a) Installment payment arrangements offered by an insurer
   12  if such arrangements do not involve the advancement of funds
   13  which would constitute financing and exceed the service charges
   14  provided in 627.901; or
   15         (b) A discount for an any insured who pays the entire
   16  premium for the entire policy term at the inception of the term
   17  if the discount is found to be actuarially justified by the
   18  office and approved by the office pursuant to the provisions of
   19  part I of this chapter. Such actuarially justified and approved
   20  discount may shall not be deemed a component of or related to
   21  premium financing.
   23  ================= T I T L E  A M E N D M E N T ================
   24  And the title is amended as follows:
   25         Delete line 7
   26  and insert:
   27         health care clinics; amending s. 627.902, F.S.;
   28         providing that premium financing does not apply to
   29         installment payment arrangements that do not involve
   30         the advancement of funds; amending s. 627.94072, F.S.;