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The Case for Checklists and Against Standardized Policies

The Florida Insurance Council is Florida's largest nonprofit insurance trade association. We are a multi-line trade, which is to say that our members write virtually all lines of insurance. Our

By Guy Marvin | Updated on April 30, 2006

The Florida Insurance Council is Florida’s largest nonprofit insurance trade association. We are a multi-line trade, which is to say that our members write virtually all lines of insurance. Our members write in excess of $20 billion in premium in Florida annually. Our property insurers write the vast majority of all homeowners’ policies sold in the state, exclusive of Citizens Property Insurance Corporation.

We appreciate what the Standard Personal Lines Advisory Committee is doing and what the legislature intended to do with this piece of legislation calling for the possible creation of a standardized policy. Unfortunately, sometimes even the best of intentions can lead to adverse consequences. We believe this is one of those occasions. Think about it. A standard policy; doesn’t that remove consumer choice from the marketplace? Is that good for an economy founded on consumer choice? The answer is a resounding no. Free market forces drive our economy, which is the most successful the world has ever seen.

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