FL H0815

Redefines "covered policy" under the Florida Hurricane Catastrophe Fund to include collateral protection insurance policies covering personal residences that protect both borrower and lender financial interests, effective June 1, 2021

Revises loss run statement requirements by reducing the required claims history from 5 years to 3 years, allowing insurers to direct personal lines insureds to free consumer reporting agencies, and permitting electronic delivery or portal access; limits group health insurance loss run requests to group policyholders only

Authorizes insurers to electronically transmit all policy documents and claims communications for policies sold in a wholly electronic manner, provided a disclosure is given at the time of sale

Allows licensed personal lines or general lines agents to solicit, negotiate, advertise, or sell motor vehicle service agreements, home warranty contracts, and service warranties without obtaining a separate sales representative license

Changes residential property insurance rate filings to make building code rating factors permissive rather than mandatory, adds a new ratemaking factor for workers' compensation accounting for insolvent insurer data impacts, and exempts agents from the diligent effort requirement when exporting flood coverage contracts to surplus lines insurers