Bill > S0128

This bill modifies Florida's homeowner's insurance regulations by requiring insurers to provide policyholders with advance written notifications about significant policy changes. Specifically, insurers must send at least 45 days' advance notice before canceling, not renewing, or changing rates on a homeowner's insurance policy. The notice must be mailed to the policyholder's last known address and, if an email address is available, also sent electronically. There is an exception for nonpayment of premiums, where only 10 days' written notice is required, explaining the reason for cancellation. Additionally, the bill exempts monthly premium policies from the written cancellation notice requirement for nonpayment. The new law is set to take effect on July 1, 2025, giving insurance companies time to adjust their notification procedures. The goal of these changes appears to be improving transparency and communication between insurance providers and homeowners by ensuring policyholders receive timely information about potential changes to their coverage.

https://www.flsenate.gov/Session/Bill/2025/128