Emergency Order

An order was issued September 28, 2022 by Commissioner Altmaier regarding issues stemming from Hurricane Ian. Since a state of emergency was declared by the governor, the commissioner is able to issue additional orders applicable to all insurance companies and entities subject to the Florida Insurance Code. A copy of the order may be found here.

Time Limits

The order provides that any policy that imposes a time limit on any insured to perform an act, including payment of premium, that was to be completed on or after September 28, 2022, that time limit is now extended to November 28, 2022. Insureds are still required to cooperate in the adjustment of any claims relative to property damage. The time extension does not apply to new policies effective on or after September 28, 2022.

Interest

Interest, penalties or other charges shall not be accrued or assessed against insureds because of the mandated time extensions. Interest that is owed pursuant to premium financing plans with premium finance companies, insurers or affiliates, may be assessed.

Cancellation/Nonrenewal

No policy providing coverage for property may be cancelled or nonrenewed between September 28, 2022, and November 28, 2022, unless there is written concurrence from the policyholder. All cancellation notices issued or mailed within ten calendar days preceding September 28, 2022, affecting a Floridian shall be withdrawn and reissued on or after November 28, 2022.

A cancellation or nonrenewal may occur before November 28, 2022, at the written request or written concurrence of the policyholder.

Cancellations or nonrenewals other than those listed above that would have taken effect between September 28, 2022, and November 28, 2022, are not made invalid by this emergency rule. However, those cancellations and nonrenewals shall be extended to November 28, 2022, or a later date specified by the insurer, and the premium for that extended coverage period shall be the appropriate prorated portion of premium for the policy term.