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The Florida Senate

2005 Florida Statutes

Notice of premium discounts for hurricane loss mitigation.
Section 627.711, Florida Statutes 2005

1627.711  Notice of premium discounts for hurricane loss mitigation.--Using a form prescribed by the Office of Insurance Regulation, the insurer shall clearly notify the applicant or policyholder of any personal lines residential property insurance policy, at the time of the issuance of the policy and at each renewal, of the availability and the range of each premium discount, credit, other rate differential, or reduction in deductibles for properties on which fixtures or construction techniques demonstrated to reduce the amount of loss in a windstorm can 2be or have been installed or implemented. The prescribed form shall describe generally what actions the policyholders may be able to take to reduce their windstorm premium. The prescribed form and a list of such ranges approved by the office for each insurer licensed in the state and providing such discounts, credits, other rate differentials, or reductions in deductibles for properties described in this subsection shall be available for electronic viewing and download from the Department of Financial Services' or the Office of Insurance Regulation's Internet website. The Financial Services Commission may adopt rules to implement this subsection.

History.--s. 22, ch. 2005-111.

1Note.--Section 22, ch. 2005-111, created s. 627.711 "[e]ffective October 1, 2005, and applicable to policies issued or renewed on or after that date."

2Note.--The word "be" was inserted by the editors.