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A bill to be entitled

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An act relating to insurance renewal premiums; amending s.

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627.7277, F.S.; increasing the period of advanced written

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notice of renewal premium that must be provided by an

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insurer to a policyholder; providing that if an insurer

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fails to give such notice of a renewal premium resulting

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in a premium increase, coverage under the policy remains

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in effect at the existing rates until a specified period

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after the notice is given or until the effective date of

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replacement coverage obtained by the insured, whichever

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occurs first; providing an effective date.

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Be It Enacted by the Legislature of the State of Florida:

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     Section 1.  Subsections (2) and (3) of section 627.7277,

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Florida Statutes, are amended to read:

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     627.7277  Notice of renewal premium.--

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     (2)  An insurer shall mail or deliver to its policyholder at

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least 45 30 days' advance written notice of the renewal premium

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for the policy.

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     (3) If the insurer fails to provide the 45 30 days' notice

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of a renewal premium that results in a premium increase, the

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coverage under the policy remains in effect at the existing rates

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until 45 30 days after the notice is given or until the effective

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date of replacement coverage obtained by the insured, whichever

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occurs first.

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     Section 2.  This act shall take effect July 1, 2008.