FL H1465

Creates the "Pet Insurance Act" (s. 627.71545, F.S.), establishing a comprehensive regulatory framework for the sale of pet insurance in Florida, including standardized definitions for terms such as "preexisting condition," "waiting period," "chronic condition," "hereditary disorder," and "wellness program."

Requires pet insurers to make extensive disclosures to applicants and policyholders regarding coverage exclusions (preexisting conditions, chronic conditions, congenital/hereditary disorders), waiting periods, deductibles, coinsurance, policy limits, claim payment formulas, and whether the underwriting company differs from the marketing brand name.

Limits waiting periods on new pet insurance policies to no more than 30 days for illnesses, diseases, or non-accident orthopedic conditions; prohibits waiting periods for accidents; and requires insurers to allow waiver of waiting periods upon completion of a veterinary medical examination.

Prohibits pet insurance agents from marketing wellness programs as pet insurance, requires wellness program costs and terms to be separate and identifiable from pet insurance policies, and bars insurers from conditioning pet insurance eligibility on participation in a wellness program.

Grants policyholders a 30-day free-look period to examine and return a pet insurance policy or rider for a full premium refund if no claim has been filed, and takes effect January 1, 2025.