Newsroom

Extension of Grace Periods; Limitations on Cancellations and Nonrenewals

Today, after Hurricanes Helene and Milton made landfall along Florida’s coast, Insurance Commissioner Michael Yaworsky announced additional encouraging developments related to the state’s strengthening property insurance market. The news follows announcements by Progressive, and State Farm and the approval of multiple new property insurers since the state’s 2023 landmark reforms.

This notice is a reminder that all health insurers, managed care organizations, pharmacy benefit managers and other health entities must comply with provisions of section 252.358, Florida Statutes, which allows for early prescription refills in the event the Governor issues an Executive Order declaring a State of Emergency. This mandate remains in effect until the Governor’s Executive Order is rescinded or expires.

The Office of Insurance Regulation (OIR) reminds all Property & Casualty (P&C) insurers of the importance of preparedness and compliance with all provisions of the Florida Insurance Code. The following highlights important regulatory requirements and best practices to ensure efficient and proper claims handling pursuant to Florida law.