Florida Statutes, Rules And Regulations Pertinent To Personal Lines Insurance Questions and Answers 100% Correct

nonrenewal, cancellation, or termination - ANSWER-advance notice must be at least45 days other than nonpayment of premium. Premium Financing - ANSWER-agent may make reasonable service charges for financial insurance premiums on policies issued, . The service charge cannot exceed $3 per installment Citizens Property Insurance Corporation - ANSWER-offer coverage on properties in areas of Florida deemed especially susceptible to windstorm damages. Windstorm and hail are the only perils provided coverage miscellaneous type vehicle - ANSWER-expand the definition of a covered auto to include motorized vehicles such as motorcycles, motor homes, golf carts, dune buggies, and other recreational vehicles Florida Automobile Joint Underwriting Association - ANSWER-provide coverage to individuals that are unable to secure coverage in the voluntary market, but otherwise qualify for automobile insurance (must have a valid driver's license Surplus Lines - ANSWER-limited to insurance that is difficult to place, or insurance that is not readily available through an authorized insurer in the state Any Provider vs. Limited Choice of Providers - ANSWER-More traditional reimbursement type comprehensive medical expense plans allow the insured to be treated by most any qualified physician Standard flood insurance - ANSWER-covers losses resulting from flooding, equivalent to coverage through the National Flood Insurance Program Personal Injury Protection - ANSWER-covers insured, the household, certain passengers who lack pip, curtained licensed drivers, passengers with no pip & no car.