Florida Administrative Code
69 - DEPARTMENT OF FINANCIAL SERVICES
69B - Division of Insurance Agent and Agency Services
Chapter 69B-124 - ANTI-COERCION
Section 69B-124.010 - Substitution of Policies
Current through Reg. 50, No. 187; September 24, 2024
(1) An insured shall have the right of option, in addition to the rights granted him under the terms and conditions of his insurance contract, to substitute, replace, change, or extend the existing policy in force with any type contract on each anniversary, or at any other time, provided credit for existing insurance is given to the next anniversary date of the existing policy, if required by the mortgagee.
(2) No payment of service fee or charge shall be required of the insured to substitute, replace, change, or extend the existing policy at each anniversary.
Rulemaking Authority 624.308, 626.9611 FS. Law Implemented 624.307(1), 626.9551(1) FS.
New 5-20-64, Repromulgated 12-24-74, Formerly 4-3.10, 4-3.010, 4-124.010.
