Bill Text: FL S0774 | 2016 | Regular Session | Comm Sub


Bill Title: Liability Insurance Coverage

Spectrum: Bipartisan Bill

Status: (Failed) 2016-03-11 - Died in Rules [S0774 Detail]

Download: Florida-2016-S0774-Comm_Sub.html
       Florida Senate - 2016                              CS for SB 774
       
       
        
       By the Committee on Banking and Insurance; and Senator Montford
       
       597-02309-16                                           2016774c1
    1                        A bill to be entitled                      
    2         An act relating to liability insurance coverage;
    3         amending s. 627.4137, F.S.; adding company employee
    4         adjusters to the list of persons who may respond to a
    5         claimant’s written request for information relating to
    6         liability insurance coverage; requiring a company
    7         employee adjuster who provides a specified statement
    8         to consult with certain personnel within the company
    9         to verify information disclosed in the statement;
   10         providing an effective date.
   11          
   12  Be It Enacted by the Legislature of the State of Florida:
   13  
   14         Section 1. Subsection (1) of section 627.4137, Florida
   15  Statutes, is amended to read:
   16         627.4137 Disclosure of certain information required.—
   17         (1) Each insurer that provides which does or may provide
   18  liability insurance coverage to pay all or a portion of a any
   19  claim that which might be made shall provide, within 30 days
   20  after of the written request of the claimant, a statement, under
   21  oath, of a corporate officer, or the insurer’s claims manager or
   22  superintendent, or a company employee adjuster setting forth the
   23  following information with regard to each known policy of
   24  insurance, including excess or umbrella insurance:
   25         (a) The name of the insurer.
   26         (b) The name of each insured.
   27         (c) The limits of the liability coverage.
   28         (d) A statement of any policy or coverage defense that the
   29  which such insurer reasonably believes is available to the such
   30  insurer at the time of filing such statement.
   31         (e) A copy of the policy.
   32  
   33  If the person providing the statement required under this
   34  subsection is the company employee adjuster, the adjuster must
   35  consult with the appropriate personnel in the company’s
   36  underwriting department and claims department to verify the
   37  information disclosed in the statement. In addition, the
   38  insured, or her or his insurance agent, upon written request of
   39  the claimant or the claimant’s attorney, shall disclose the name
   40  and coverage of each known insurer to the claimant and shall
   41  forward such request for information as required by this
   42  subsection to all affected insurers. The insurer shall then
   43  supply the information required in this subsection to the
   44  claimant within 30 days after of receipt of such request.
   45         Section 2. This act shall take effect July 1, 2016.

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