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.
This premium content is locked for FC&S Coverage Interpretation Subscribers
Enjoy unlimited access to the trusted solution for successful interpretation and analyses of complex insurance policies.
- Quality content from industry experts with over 60 years insurance experience, combined
- Customizable alerts of changes in relevant policies and trends
- Search and navigate Q&As to find answers to your specific questions
- Filter by article, discussion, analysis and more to find the exact information you’re looking for
- Continually updated to bring you the latest reports, trending topics, and coverage analysis
Already have an account? Sign In Now
For enterprise-wide or corporate access, please contact our Sales Department at 1-800-543-0874 or email [email protected]Christine G. Barlow, CPCU
Christine G. Barlow, CPCU, is Executive Editor of FC&S Expert Coverage Interpretation, a division of National Underwriter Company and ALM. Christine has over thirty years’ experience in the insurance industry, beginning as a claims adjuster then working as an underwriter and underwriting supervisor handling personal lines. Christine regularly presents and moderates webinars on a variety of topics and is an experienced presenter.