Purpose


Section 24 of Senate Bill 1980 created Section 627.7019, F.S. It requires the Financial Services Commission to adopt by rule standardized requirements that may be applied to insurers as a consequence of a hurricane or other natural disaster. The purpose of the rule development workshop is to develop rules with respect to claims reporting requirements, grace periods for payment of premiums, and performance of other duties by insureds and temporary postponement of cancellations or nonrenewals. Interested persons should consult the Office of Insurance Regulation website at http://www.floir.com/HotTopics.htm for copies of past 2004 and 2005 emergency rules and orders and memorandums that have addressed the above referenced matters. These will be used as a basis for developing the rules.