January 23, 2020
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Amendment CaShTmL-341308.HTM
                                                  SENATE AMENDMENT
    Bill No. CS for CS for SB 2994, 1st Eng.
    Amendment No. ___   Barcode 341308
                            CHAMBER ACTION
              Senate                               House
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 1                  WD/3R          .                    
       04/27/2004 10:15 AM         .                    
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11  Senator Fasano moved the following amendment:
12  
13         Senate Amendment (with title amendment) 
14         On page 166, line 15, delete that line
15  
16  and insert:  
17         Section 146.  Subsection (2) of section 627.4133,
18  Florida Statutes, is amended to read:
19         627.4133  Notice of cancellation, nonrenewal, or
20  renewal premium.--
21         (2)  With respect to any personal lines or commercial
22  residential property insurance policy, including, but not
23  limited to, any homeowner's, mobile home owner's, farmowner's,
24  condominium association, condominium unit owner's, apartment
25  building, or other policy covering a residential structure or
26  its contents:
27         (a)  The insurer shall give the named insured at least
28  45 days' advance written notice of the renewal premium.
29         (b)  The insurer shall give the named insured written
30  notice of nonrenewal, cancellation, or termination at least
31  180 90 days prior to the effective date of the nonrenewal,
                                  1
    6:54 PM   04/26/04                              s2994c2c-11k0k

SENATE AMENDMENT Bill No. CS for CS for SB 2994, 1st Eng. Amendment No. ___ Barcode 341308 1 cancellation, or termination. The notice must include the 2 reason or reasons for the nonrenewal, cancellation, or 3 termination, except that: 4 1. When cancellation is for nonpayment of premium, at 5 least 10 days' written notice of cancellation accompanied by 6 the reason therefor shall be given. 7 2. When such cancellation or termination occurs during 8 the first 90 days during which the insurance is in force and 9 the insurance is canceled or terminated for reasons other than 10 nonpayment of premium, at least 20 days' written notice of 11 cancellation or termination accompanied by the reason therefor 12 shall be given except where there has been a material 13 misstatement or misrepresentation or failure to comply with 14 the underwriting requirements established by the insurer. 15 16 After the policy has been in effect for 90 days, the policy 17 shall not be canceled by the insurer except when there has 18 been a material misstatement, a nonpayment of premium, a 19 failure to comply with underwriting requirements established 20 by the insurer within 90 days of the date of effectuation of 21 coverage, or a substantial change in the risk covered by the 22 policy or when the cancellation is for all insureds under such 23 policies for a given class of insureds. This paragraph does 24 not apply to individually rated risks having a policy term of 25 less than 90 days. 26 (c) If the insurer fails to provide the notice 27 required by this subsection, other than the 10-day notice, the 28 coverage provided to the named insured shall remain in effect 29 until the effective date of replacement coverage or until the 30 expiration of a period of days after the notice is given equal 31 to the required notice period, whichever occurs first. The 2 6:54 PM 04/26/04 s2994c2c-11k0k
SENATE AMENDMENT Bill No. CS for CS for SB 2994, 1st Eng. Amendment No. ___ Barcode 341308 1 premium for the coverage shall remain the same during any such 2 extension period except that, in the event of failure to 3 provide notice of nonrenewal, if the rate filing then in 4 effect would have resulted in a premium reduction, the premium 5 during such extension shall be calculated based on the later 6 rate filing. 7 Section 147. This act shall take effect July 1, 2004, 8 except for section 146, which shall take effect January 1, 9 2005, and apply to policies issued or renewed on or after that 10 date. 11 12 13 ================ T I T L E A M E N D M E N T =============== 14 And the title is amended as follows: 15 On page 13, lines 10 and 11, delete the words 16 "providing an effective date" 17 18 and insert: 19 amending s. 627.4133, F.S.; increasing the time 20 period when an insurer must give notice before 21 nonrenewing, canceling, or terminating a 22 residential property insurance policy; 23 providing effective dates; 24 25 26 27 28 29 30 31 3 6:54 PM 04/26/04 s2994c2c-11k0k
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