Exams / Florida General Lines (Property and Casualty) Insurance License / Fla. Stat. §624.4305
Fla. Stat. §624.4305 — what it says, and how the exam tests it
This section is cited by 2 of our practice questions and is tested on 2 exams including the Florida General Lines (Property and Casualty) Insurance License.
The text
624.4305 Nonrenewal of residential property insurance policies. — Any insurer planning to nonrenew more than 10,000 residential property insurance policies in this state within a 12-month period shall give notice in writing to the Office of Insurance Regulation for informational purposes 90 days before the issuance of any notices of nonrenewal. The notice provided to the office must set forth the insurer’s reasons for such action, the effective dates of nonrenewal, and any arrangements made for other insurers to offer coverage to affected policyholders. The commission may adopt rules to administer this section.
Public record. Read the full, current section at the official source: www.leg.state.fl.us
How it comes up on the exam
Practice questions written from this section — answers and explanations are in the drill.
- Under Florida law, an insurer that nonrenews more than 10,000 residential property policies within a 12-month period must include which of the following in its notice to the Office of Insurance Regulation?
drill Florida Statutes, Rules and Regulations Pertinent to Personal Lines Insurance → - Under Fla. Stat. §624.4305, the notice provided to the Office of Insurance Regulation regarding mass nonrenewal of residential property policies must include which of the following?
drill Florida Statutes, Rules and Regulations Pertinent to General Lines Insurance →