HB 1171 Summary

• Creates section 624.122 of Florida Statutes to authorize solicitation and sale of interstate health insurance policies in Florida by licensed health insurance agents and insurers authorized to transact business in the state.

• Requires interstate health insurance policies and applications to include a conspicuous 12-point boldfaced disclosure stating the policy is governed by another state's laws and does not comply with Florida Insurance Code provisions, including rating protections.

• Exempts interstate health insurance policies from Florida form approval, rate approval, underwriting restrictions, guaranteed availability, and coverage mandate requirements, though insurers must file forms and rates with the Office of Insurance Regulation for informational purposes and public website posting.

• Allows domestic health insurers authorized only in Florida to adopt and sell interstate health insurance policies by filing a notice of intent, and permits their subsidiaries and related corporations governed by other states' laws to sell such policies in compliance with this section.

• Interstate health insurance policies remain exempt from most Florida Insurance Code provisions except specified sections relating to fraud, unfair practices, licensing, producer conduct, and policy administration.

• Effective date: July 1, 2012.