627.70121 Payment of claims for dual interest property.—For policies issued or renewed on or after October 1, 2006, a property insurer shall transmit claims payments directly to the primary policyholder by check or other allowable payment method, payable to the primary policyholder only, without requiring a dual endorsement from any mortgageholder or lienholder, for amounts payable under the policy for personal property and contents, additional living expenses, and other covered items that are not subject to a recorded security interest that is noted in the dual interest provision of the policy.
History.—s. 22, ch. 2006-12.
Section: Previous 627.701 627.7011 627.70121 627.70131 627.70132 627.7015 627.70151 627.7016 627.70161 627.7017 627.7018 627.7019 627.702 627.705 627.706 NextLast modified: September 23, 2016