627.7277 Notice of renewal premium.—
(1) As used in this section, the terms “policy” and “renewal” have the meaning ascribed in s. 627.728.
(2) An insurer shall mail or deliver to the first-named insured at least 30 days’ advance written notice of the renewal premium for the policy.
(3) If the insurer fails to provide the 30 days’ notice of a renewal premium that results in a premium increase, the coverage under the policy remains in effect at the existing rates until 30 days after the notice is given or until the effective date of replacement coverage obtained by the insured, whichever occurs first.
History.—s. 2, ch. 99-381; s. 34, ch. 2007-1; s. 20, ch. 2007-90; s. 11, ch. 2011-174.
Section: Previous 627.7261 627.7263 627.727 627.7275 627.7276 627.7277 627.728 627.7281 627.7282 627.7283 627.7285 627.7286 627.7288 627.7295 627.72951 NextLast modified: September 23, 2016