(1) As used in this section, the terms “policy” and “renewal” have the meaning ascribed in s. 627.728.
(2) An insurer shall mail or deliver to the first-named insured at least 30 days’ advance written notice of the renewal premium for the policy.
(3) If the insurer fails to provide the 30 days’ notice of a renewal premium that results in a premium increase, the coverage under the policy remains in effect at the existing rates until 30 days after the notice is given or until the effective date of replacement coverage obtained by the insured, whichever occurs first.
History.—s. 2, ch. 99-381; s. 34, ch. 2007-1; s. 20, ch. 2007-90; s. 11, ch. 2011-174.
Structure Florida Statutes
Chapter 627 - Insurance Rates and Contracts
Part XI - Motor Vehicle and Casualty Insurance Contracts (Ss. 627.7261-627.7491)
627.7261 - Refusal to issue policy.
627.7263 - Rental and leasing driver’s insurance to be primary; exception.
627.7275 - Motor vehicle liability.
627.7276 - Notice of limited coverage.
627.7277 - Notice of renewal premium.
627.728 - Cancellations; nonrenewals.
627.7281 - Cancellation notice.
627.7282 - Notice of additional premium; cancellation upon nonpayment.
627.7283 - Cancellation; return of unearned premium.
627.7285 - Experience while operating a train.
627.7286 - Renewal of policy and setting of rates; certain experience not a factor.
627.7288 - Comprehensive coverage; deductible not to apply to motor vehicle glass.
627.7295 - Motor vehicle insurance contracts.
627.72951 - Temporary binding permitted.
627.730 - Florida Motor Vehicle No-Fault Law.
627.7311 - Effect of law on personal injury protection policies.
627.734 - Proof of security; security requirements; penalties.
627.736 - Required personal injury protection benefits; exclusions; priority; claims.
627.737 - Tort exemption; limitation on right to damages; punitive damages.
627.739 - Personal injury protection; optional limitations; deductibles.
627.7401 - Notification of insured’s rights.
627.7403 - Mandatory joinder of derivative claim.
627.7405 - Insurers’ right of reimbursement.
627.7407 - Application of the Florida Motor Vehicle No-Fault Law.
627.7415 - Commercial motor vehicles; additional liability insurance coverage.
627.742 - Nonpublic sector buses; additional liability insurance coverage.
627.743 - Payment of third-party claims.
627.744 - Preinsurance inspection of private passenger motor vehicles.
627.745 - Mediation of claims.
627.746 - Coverage for minors who have a learner’s driver license; additional premium prohibited.
627.747 - Named driver exclusion.
627.748 - Transportation network companies.
627.7483 - Peer-to-peer car sharing; insurance requirements.
627.749 - Autonomous vehicles; insurance requirements.
627.7491 - Official law enforcement vehicles; motor vehicle insurance requirements.