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FL H0617
Bill
Status
Passed
6/10/2019
Primary Sponsor
Insurance and Banking Subcommittee
Click for details
AI Summary
- Amends Florida Statute 627.7011 to require homeowners' insurance policies that do not provide flood coverage to include a flood insurance disclosure statement at initial issuance and every renewal
- Flood insurance disclosure must be printed in bold type no smaller than 18 points, warning that homeowners' policies do not cover flood damage even if caused by hurricane winds and rain
- Maintains existing requirement for insurers to include a law and ordinance coverage disclosure statement in the same bold 18-point format
- Intended to encourage policyholders to purchase sufficient coverage for events excluded from standard homeowners' policies and to discuss coverage gaps with their insurance agent
- Effective date: July 1, 2019
Legislative Description
Homeowners' Insurance Policy Disclosures
Last Action
Chapter No. 2019-82
6/10/2019
Committee Referrals
Banking and Insurance4/24/2019
Commerce Committee3/26/2019
Government Operations and Technology Appropriations Subcommittee3/8/2019
Insurance And Banking Subcommittee2/13/2019
Full Bill Text
No bill text available