Florida Senate - 2008 SB 2620

By Senator Dean

3-03478-08 20082620__

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A bill to be entitled

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An act relating to homeowners' insurance; requiring that

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the Office of Insurance Regulation provide policyholders

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with written notice of certain information regarding the

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termination of a policy; providing deadlines by which

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certain information must be provided; requiring that the

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office provide policyholders with instructions regarding

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how to contact a broker, agent, or counselor for the

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purpose of selecting a new coverage plan or making changes

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to an existing policy; 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. Termination of homeowners' insurance; notice;

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assistance.--The Office of Insurance Regulation or its designee

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shall:

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     (1) Provide written notice to each homeowners' insurance

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policyholder in this state of the possibility that his or her

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policy may be terminated by the provider or insurer and any

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potential reasons for such termination.

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     (2) Provide written notice to such policyholders of any

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options available to the policyholder with regard to choosing a

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new plan or provider if such policy is terminated, including the

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names of any providers or provider networks having the capacity

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to accept new enrollees in this state.

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     (a) The office shall immediately provide such written

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notice to any policyholder whose policy has been terminated by

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the provider.

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     (b) The office shall provide such written notice at least

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60 days before the last date on which a policy remains in effect

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to any policyholder who cancels, decides not to renew, or

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otherwise terminates his or her policy.

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     (3) Provide all homeowners' insurance policyholders in this

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state with instructions regarding how to contact a broker, agent,

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or counselor for the purpose of selecting a new coverage plan or

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making changes to an existing policy.

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

CODING: Words stricken are deletions; words underlined are additions.