Florida Senate - 2016                          SENATOR AMENDMENT
       Bill No. CS/CS/CS/HB 651, 1st Eng.
                              LEGISLATIVE ACTION                        
                    Senate             .             House              
                 Floor: WD/3R          .                                
             03/07/2016 05:01 PM       .                                

       Senator Bradley moved the following:
    1         Senate Amendment (with title amendment)
    3         Between lines 459 and 460
    4  insert:
    5         Section 14. Paragraph (b) of subsection (3) of section
    6  626.916, Florida Statutes, is amended to read:
    7         626.916 Eligibility for export.—
    8         (3)
    9         (b) Paragraphs (1)(a)-(d) do not apply to commercial
   10  residential property insurance or to classes of insurance which
   11  are subject to s. 627.062(3)(d)1. These classes may be
   12  exportable under the following conditions:
   13         1. The insurance must be placed only by or through a
   14  surplus lines agent licensed in this state;
   15         2. The insurer must be made eligible under s. 626.918; and
   16         3. The insured must sign a disclosure that substantially
   17  provides the following: “You are agreeing to place coverage in
   18  the surplus lines market. Superior coverage may be available in
   19  the admitted market and at a lesser cost. Persons insured by
   20  surplus lines carriers are not protected under the Florida
   21  Insurance Guaranty Act with respect to any right of recovery for
   22  the obligation of an insolvent unlicensed insurer.” If the
   23  notice is signed by the insured, the insured is presumed to have
   24  been informed and to know that other coverage may be available,
   25  and, with respect to the diligent-effort requirement under
   26  subsection (1), there is no liability on the part of, and no
   27  cause of action arises against, the retail agent presenting the
   28  form.
   30  ================= T I T L E  A M E N D M E N T ================
   31  And the title is amended as follows:
   32         Delete line 59
   33  and insert:
   34         place of business; amending s. 626.916, F.S.; revising
   35         conditions for export eligibility of commercial
   36         residential property insurance; amending s. 626.921,
   37         F.S.; revising