FL H0165

Increases required notice period for nonrenewal, cancellation, or termination of personal lines and commercial residential property insurance policies from 100 days to 120 days before the effective date

Restricts insurers from canceling property insurance policies after 90 days in effect except for material misstatement, nonpayment of premium, failure to comply with underwriting requirements, substantial change in risk, or cancellation of an entire class of insureds

Requires insurers to use hurricane loss projection models approved by the Florida Commission on Hurricane Loss Projection Methodology without modification, allowing continued use of a model for up to 120 days after the commission's acceptance expires

Exempts commercial nonresidential multiperil insurance from annual base rate filing requirements and exempts federally certified entities (under 42 C.F.R. part 485, subpart H) from state licensing requirements to receive PIP reimbursement

Allows advertisements or solicitations to reference the Florida Insurance Guaranty Association for selling insurance if the advertisement explains the applicable coverage limits set forth in s. 631.57(1)