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.