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FL S1036
Bill
AI Summary
- Florida Automobile Joint Underwriting Association may cancel personal or commercial auto policies within 60 days of the effective date for nonpayment if a check is dishonored or other payment is rejected
- Insureds cannot cancel a policy within the first 90 days except for total vehicle destruction, ownership transfer, or purchase of replacement coverage
- When canceling a motor vehicle insurance policy, insureds may apply unearned premium refunds to unpaid balances on other policies with the same insurer or insurer group
- Insurers may impose an insufficient funds fee of up to $15 per occurrence when debit card, credit card, or electronic payment is returned or declined due to insufficient funds
- Medical billing standards for personal injury protection (PIP) claims must comply with CMS 1500 form instructions, CPT codes, HCPCS, and ICD codes adopted by the U.S. Department of Health and Human Services
- Entities owned by publicly traded corporations with $250 million or more in annual health care sales are exempt from clinic licensing requirements for PIP reimbursement, provided licensed health care practitioners oversee operations
Legislative Description
Automobile Insurance
Last Action
Laid on Table, companion bill(s) passed, see CS/CS/HB 659 (Ch. 2016-133)
3/9/2016
Committee Referrals
Rules2/18/2016
Commerce And Tourism1/28/2016
Banking and Insurance12/17/2015
Full Bill Text
No bill text available