Florida Senate - 2015                                     SB 234
       By Senator Montford
       3-00391-15                                             2015234__
    1                        A bill to be entitled                      
    2         An act relating to motor vehicle insurance; amending
    3         s. 627.041, F.S.; revising the definition of the term
    4         “motor vehicle insurance” to include a policy that
    5         insures more than four automobiles; reenacting s.
    6         627.0651(5)(b), F.S., to incorporate the amendments
    7         made to s. 627.041(8), F.S., in a reference thereto;
    8         providing an effective date.
   10  Be It Enacted by the Legislature of the State of Florida:
   12         Section 1. Subsection (8) of section 627.041, Florida
   13  Statutes, is amended to read:
   14         627.041 Definitions.—As used in this part:
   15         (8) “Motor vehicle insurance” means a policy of motor
   16  vehicle insurance delivered or issued for delivery in the state
   17  by an authorized insurer:
   18         (a) Insuring a natural person as the named insured or one
   19  or more related individuals resident of the same household, or
   20  both; and
   21         (b) Insuring a motor vehicle of the private passenger type
   22  or station wagon type, which motor vehicle is not used as public
   23  or livery conveyance for passengers or rented to others, or
   24  insuring any other four-wheeled motor vehicle having a capacity
   25  of 1,500 pounds or less which is not used in the occupation,
   26  profession, or business of the insured, other than farming;
   28  other than any policy issued under an automobile insurance risk
   29  apportionment plan; or other than any policy insuring more than
   30  four automobiles; or other than any policy covering garage,
   31  automobile sales agency, repair shop, service station, or public
   32  parking place operation hazards.
   33         Section 2. For the purpose of incorporating the amendment
   34  made by this act to section 627.041(8), Florida Statutes, in a
   35  reference thereto, paragraph (b) of subsection (5) of section
   36  627.0651, Florida Statutes, is reenacted to read:
   37         627.0651 Making and use of rates for motor vehicle
   38  insurance.—
   39         (5)
   40         (b) The office has the responsibility to ensure that rates
   41  for private passenger vehicle insurance are adequate. To that
   42  end, the commission shall adopt rules establishing standards
   43  defining inadequate rates on private passenger vehicle insurance
   44  as defined in s. 627.041(8). In the event that the office finds
   45  that a rate or rate change is inadequate, the office shall order
   46  that a new rate or rate schedule be thereafter filed by the
   47  insurer and shall further provide information as to the manner
   48  in which noncompliance of the standards may be corrected. When a
   49  violation of this provision occurs, the office shall impose an
   50  administrative fine pursuant to s. 624.4211.
   51         Section 3. This act shall take effect July 1, 2015.