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Florida Statutes, Rules & Regulations Pertinent
to Personal Lines Insurance Questions with 100%
Verified 2025 | 2026
Insurance Contracts - ANSWER risk-shifting contract, legal
because the owner has an "insurable interest" in the thing
being insured (you can't insure a building you don't own, you
must have a financial interest).
Renewal - ANSWER 45 days advanced written notice of the
renewal premium mailed to the 1st named insured.
Nonrenewal - ANSWER The insurance company is limited as to
reason it may non-renew, can NOT be an Act of God; an insured
may choose not to renew by withholding payment. Non-
renewal notice must state reason why policy is not to be
renewed. Residential property, requires 120 days advanced
written notice. Personal auto: 1st 90 days 20 days written
notice; after 90 days
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Cancellation - ANSWER Unable to cancel a personal auto policy
after 90 days except when there has been a material
misstatement, a nonpayment of premium, a failure to comply
with underwriting requirements established by the insurer
within 90 days of the date of effectuation of coverage, or a
substantial change in the risk covered by the policy or when the
cancellation is for all insureds under such policies for a given
class of insureds. Must give 45 days notice prior to the effective
date of cancellation or termination.
Proof of Loss - ANSWER an official inventory of the loss. May be
required by an insurance company in exchange for payment of a
claim.
Payment of Claims - ANSWER Insurer has 90 days to pay or deny
a claim unless failure to pay is caused by factors beyond
insurers control. After 90 days or 15 days after there are no
longer factors beyond insurers control interest begins to accrue
from the date insurer received notification of the claim.
Premium Financing - ANSWER A general lines agent may make
reasonable service charges for financing insurance premium.
May not exceed $3 per installment. Maximum service charge
Florida Statutes, Rules & Regulations Pertinent
to Personal Lines Insurance Questions with 100%
Verified 2025 | 2026
Insurance Contracts - ANSWER risk-shifting contract, legal
because the owner has an "insurable interest" in the thing
being insured (you can't insure a building you don't own, you
must have a financial interest).
Renewal - ANSWER 45 days advanced written notice of the
renewal premium mailed to the 1st named insured.
Nonrenewal - ANSWER The insurance company is limited as to
reason it may non-renew, can NOT be an Act of God; an insured
may choose not to renew by withholding payment. Non-
renewal notice must state reason why policy is not to be
renewed. Residential property, requires 120 days advanced
written notice. Personal auto: 1st 90 days 20 days written
notice; after 90 days
, 2|Page
Cancellation - ANSWER Unable to cancel a personal auto policy
after 90 days except when there has been a material
misstatement, a nonpayment of premium, a failure to comply
with underwriting requirements established by the insurer
within 90 days of the date of effectuation of coverage, or a
substantial change in the risk covered by the policy or when the
cancellation is for all insureds under such policies for a given
class of insureds. Must give 45 days notice prior to the effective
date of cancellation or termination.
Proof of Loss - ANSWER an official inventory of the loss. May be
required by an insurance company in exchange for payment of a
claim.
Payment of Claims - ANSWER Insurer has 90 days to pay or deny
a claim unless failure to pay is caused by factors beyond
insurers control. After 90 days or 15 days after there are no
longer factors beyond insurers control interest begins to accrue
from the date insurer received notification of the claim.
Premium Financing - ANSWER A general lines agent may make
reasonable service charges for financing insurance premium.
May not exceed $3 per installment. Maximum service charge
