Bill Text: FL S0234 | 2015 | Regular Session | Comm Sub

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Bill Title: Motor Vehicle Insurance

Spectrum: Slight Partisan Bill (? 2-1)

Status: (Introduced - Dead) 2015-04-01 - Laid on Table, companion bill(s) passed, see CS/HB 4011 (Ch. 2015-158) [S0234 Detail]

Download: Florida-2015-S0234-Comm_Sub.html

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       Florida Senate - 2015                       CS for CS for SB 234
       
       
        
       By the Committees on Judiciary; and Banking and Insurance; and
       Senator Montford
       
       
       
       
       590-01888-15                                           2015234c2
    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; amending s.
    6         627.728, F.S.; revising the definition of the term
    7         “policy” to include a policy that insures more than
    8         four automobiles; providing an effective date.
    9          
   10  Be It Enacted by the Legislature of the State of Florida:
   11  
   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;
   27  
   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. Paragraph (a) of subsection (1) of section
   34  627.728, Florida Statutes, is amended to read:
   35         627.728 Cancellations; nonrenewals.—
   36         (1) As used in this section, the term:
   37         (a) “Policy” means the bodily injury and property damage
   38  liability, personal injury protection, medical payments,
   39  comprehensive, collision, and uninsured motorist coverage
   40  portions of a policy of motor vehicle insurance delivered or
   41  issued for delivery in this state:
   42         1. Insuring a natural person as named insured or one or
   43  more related individuals resident of the same household; and
   44         2. Insuring only a motor vehicle of the private passenger
   45  type or station wagon type which is not used as a public or
   46  livery conveyance for passengers or rented to others; or
   47  insuring any other four-wheel motor vehicle having a load
   48  capacity of 1,500 pounds or less which is not used in the
   49  occupation, profession, or business of the insured other than
   50  farming; other than any policy issued under an automobile
   51  insurance assigned risk plan; insuring more than four
   52  automobiles; or covering garage, automobile sales agency, repair
   53  shop, service station, or public parking place operation
   54  hazards.
   55  
   56  The term “policy” does not include a binder as defined in s.
   57  627.420 unless the duration of the binder period exceeds 60
   58  days.
   59         Section 3. This act shall take effect July 1, 2015.