Florida Lawmakers Pass Homeowners’ Rights Bill With Credit Restriction

May 1, 2014

Insurers in Florida could not use credit information to deny a claim or cancel a policy under a bill now headed to the desk of Florida Gov. Rick Scott.

The Florida House voted unanimously for a bill that would also create a “homeowner claims bill of rights” that requires insurers to spell out to homeowners what they can expect when they file a claim.

The legislation (SB 708) is a top priority for Florida’s Chief Financial Officer Jeff Atwater. He said he pushed the bill after getting thousands of calls from consumers confused about how to file a claim.

The credit provision would apply to any policy that has been in effect for more than 90 days. This provision came out of a dispute between regulators and one of Florida’s largest insurance companies.

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Latest Comments

  • May 8, 2014 at 8:38 am
    KY jw says:
    Didn't the carrier do a credit check when they received the application? I'm trying to understand how misrepresentation is used to deny claims if the insurer did a credit chec... read more
  • May 6, 2014 at 9:32 am
    Only Logic says:
    Credit reports and scores are abused by those who bought into the "correlation between claims and credit scores" and regulators who have allowed it. There are no less than a b... read more
  • May 5, 2014 at 4:36 pm
    Libby says:
    Wow. That's incredible. It used to be that Texas was another world when it comes to insurance. I guess it's now Florida. But really dirty pool on Universal's part.
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