Section 69O-137.014 - Notice of Temporary Discontinuance of Writing New Residential Property Insurance Policies(1) In addition to meeting all other requirements of law, each authorized insurer intending to temporarily suspend writing new residential property insurance policies must submit the required notification to the Office the earlier of: (a) 20 business days before the effective date of the temporary suspension of writing, or(b) 5 business days before notifying its agents of the temporary suspension of writing.(2) An authorized insurer is not required to provide notice of under paragraph (1) if the conditions of Section 624.4301(1)(a), F.S., are met and the temporary suspension is in response to: (a) a hurricane that may make landfall in this state, or(b) a declared state of emergency due to natural emergency as defined in 252.34(8), F.S.(4) The notification shall be submitted via the Insurance Regulation Filing System (IRFS) application at https://irfs.fldfs.com/.Fla. Admin. Code Ann. R. 69O-137.014
Rulemaking Authority 624.308(1), 624.4301, F.S. Law Implemented 624.4301, F.S.
Adopted by Florida Register Volume 49, Number 244, December 19, 2023 effective 1/3/2024.