(1) The commission shall adopt by rule, pursuant to s. 120.54(1)-(3), standardized requirements that may be applied to insurers as a consequence of a hurricane or other natural disaster. The rules shall address the following areas:
(a) Claims reporting requirements.
(b) Grace periods for payment of premiums and performance of other duties by insureds.
(c) Temporary postponement of cancellations and nonrenewals.
(2) The rules adopted under this section shall require the office to issue an order within 72 hours after the occurrence of a hurricane or other natural disaster specifying, by line of insurance, which of the standardized requirements apply, the geographic areas in which they apply, the time at which applicability commences, and the time at which applicability terminates.
(3) Any emergency rule adopted under s. 120.54(4) which is in conflict with any provision of the rules adopted under this section must be by unanimous vote of the commission.
History.—s. 24, ch. 2006-12.
Structure Florida Statutes
Chapter 627 - Insurance Rates and Contracts
Part X - Property Insurance Contracts (Ss. 627.701-627.7154)
627.701 - Liability of insureds; coinsurance; deductibles.
627.7011 - Homeowners’ policies; offer of replacement cost coverage and law and ordinance coverage.
627.70121 - Payment of claims for dual interest property.
627.70131 - Insurer’s duty to acknowledge communications regarding claims; investigation.
627.70132 - Notice of property insurance claim.
627.7015 - Alternative procedure for resolution of disputed property insurance claims.
627.70151 - Appraisal; conflicts of interest.
627.70152 - Suits arising under a property insurance policy.
627.70153 - Consolidation of residential property insurance actions.
627.7016 - Insurer contracts with building contractors.
627.70161 - Family day care insurance.
627.7017 - Hurricane loss mitigation projects.
627.7018 - Standards for determining risk of coverage.
627.7019 - Standardization of requirements applicable to insurers after natural disasters.
627.705 - Return of unearned premium on overinsured personal property.
627.706 - Sinkhole insurance; catastrophic ground cover collapse; definitions.
627.7061 - Coverage inquiries.
627.7063 - Building code effectiveness grading schedule.
627.707 - Investigation of sinkhole claims; insurer payment; nonrenewals.
627.7072 - Testing standards for sinkholes.
627.7074 - Alternative procedure for resolution of disputed sinkhole insurance claims.
627.713 - Report of hurricane loss data.
627.714 - Residential condominium unit owner coverage; loss assessment coverage required.
627.7142 - Homeowner Claims Bill of Rights.
627.7151 - Limited sinkhole coverage insurance.
627.7152 - Assignment agreements.
627.7153 - Policies restricting assignment of post-loss benefits under a property insurance policy.
627.7154 - Property Insurer Stability Unit; duties and required reports.