69B-124.010. Substitution of Policies  


Effective on Tuesday, December 24, 1974
  • 1(1) An insured shall have the right of option, in addition to the rights granted him under the terms and conditions of his insurance contract, to substitute, replace, change, or extend the existing policy in force with any type contract on each anniversary, or at any other time, provided credit for existing insurance is given to the next anniversary date of the existing policy, if required by the mortgagee.

    70(2) No payment of service fee or charge shall be required of the insured to substitute, replace, change, or extend the existing policy at each anniversary.

    96Rulemaking Authority 98624.308, 99626.9611 FS. 101Law Implemented 103624.307(1), 104626.9551(1) FS. 106History–New 5-20-64, Repromulgated 12-24-74, Formerly 4-3.10, 4-3.010, 4-124.010.