Bill Text: FL S1032 | 2017 | Regular Session | Comm Sub

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Bill Title: Unfair Insurance Trade Practices

Spectrum: Bipartisan Bill

Status: (Failed) 2017-05-05 - Died in Rules [S1032 Detail]

Download: Florida-2017-S1032-Comm_Sub.html

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       Florida Senate - 2017                             CS for SB 1032
       
       
        
       By the Committee on Commerce and Tourism; and Senator Mayfield
       
       
       
       
       
       577-03937-17                                          20171032c1
    1                        A bill to be entitled                      
    2         An act relating to unfair insurance trade practices;
    3         amending s. 626.9541, F.S.; revising provisions to
    4         permit a licensed insurer or its agent, a title
    5         insurance agent, a title insurance agency, or a title
    6         insurer to give advertising or promotional items of
    7         less than specified values; providing that licensed
    8         insurers and their agents are not prohibited from
    9         making specified charitable contributions on behalf of
   10         insureds or prospective insureds; providing an
   11         effective date.
   12          
   13  Be It Enacted by the Legislature of the State of Florida:
   14  
   15         Section 1. Paragraph (m) of subsection (1) of section
   16  626.9541, Florida Statutes, is amended to read:
   17         626.9541 Unfair methods of competition and unfair or
   18  deceptive acts or practices defined.—
   19         (1) UNFAIR METHODS OF COMPETITION AND UNFAIR OR DECEPTIVE
   20  ACTS.—The following are defined as unfair methods of competition
   21  and unfair or deceptive acts or practices:
   22         (m) Advertising and promotional gifts and charitable
   23  contributions permitted.—No provision of paragraph (f),
   24  paragraph (g), or paragraph (h) shall be deemed to prohibit:
   25         1. A licensed insurer or its agent from:
   26         a. Giving to insureds, prospective insureds, and others,
   27  for the purpose of advertising, any article of merchandise,
   28  goods, wares, gift cards, gift certificates, event tickets, and
   29  other items with a total value of $100 or less per customer or
   30  prospective customer within 1 calendar year having a value of
   31  not more than $25.
   32         b. Making charitable contributions, as defined in s. 170(c)
   33  of the Internal Revenue Code, up to $100 per calendar year on
   34  behalf of each insured or prospective insured.
   35         2. A title insurance agent or title insurance agency, as
   36  those terms are defined in s. 626.841, or a title insurer, as
   37  defined in s. 627.7711, from giving to insureds, prospective
   38  insureds, and others, for the purpose of advertising, any
   39  article of merchandise having a value of not more than $25.
   40         Section 2. This act shall take effect July 1, 2017.