FL S1248

Amends Florida Statutes section 626.9201 to provide exemptions from the 45-day advance written notice requirement for nonrenewal of property, casualty, surety, or marine insurance policies when the insurer manifests willingness to renew or issues a cancellation notice for nonpayment of premium.

Clarifies that cancellation for nonpayment of premium requires only 10 days' written notice instead of 45 days, and defines nonpayment to include failure to maintain required membership in an organization.

Requires 20 days' written notice for cancellations during the first 90 days of coverage for reasons other than nonpayment, except when there is material misstatement, misrepresentation, or failure to comply with underwriting requirements.

Provides that if an insurer fails to provide required notice, coverage remains in effect until 45 days after notice is given or replacement coverage is obtained, whichever occurs first, at the same premium rate.

Takes effect July 1, 2012.