FL S0258

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

Allows insurers to continue using hurricane loss projection models in rate filings for up to 120 days after the Florida Commission on Hurricane Loss Projection Methodology's acceptance of that model expires

Permits insurers to use a single zip code as a rating territory for motor vehicle insurance if it incorporates sufficient actual or expected loss data to be actuarially measurable and credible

Allows personal lines insurance policyholders to elect electronic delivery of policy documents, including policies, endorsements, and notices, in lieu of mail delivery

Clarifies that Medicare fee schedules for personal injury protection (PIP) claims apply based on a "service year" defined as March 1 through the last day of February of the following year

Reduces preinsurance inspection documentation requirements for new vehicles purchased or leased from dealers, making bills of sale, buyer's orders, or lease agreements optional at the insurer's discretion