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The legislature made two key changes to Section 627.43141 relating to the Notice of Change in Policy Terms. These changes, set forth in HB 273, passed in the 2015 legislative session and now have been approved by the Governor. They are reflected in Chapter Law 2015-170. The statute has been troubling to insurers because it has suggested that […]
The Florida Office of Insurance Regulation has issued a revised Order numbered 130176-12 relating to exempting certain property and casualty insurance forms from the statutory review and approval process. The new Order replaces Order 126368-12 issued June 25, 2012. Under the new order, insurance company officials may continue to submit certifications with their form filings […]
The 2011 Florida Legislature established a new opportunity for insurers to inform policyholders of changes in their policies. Case law in Florida previously suggested that insurers seeking to continue coverage with material changes in terms should nonrenew existing policies and offer replacement policies with the new terms. This process could be confusing for policyholders, who […]
The Office of Insurance of Insurance Regulation has issued a second order allowing property and casualty insurers to certify their forms’ compliance with Florida law rather than going though the regulatory process. The current order applies to all property and casualty lines of business other than workers’ compensation. A similar order issued earlier this year […]
