Any insurer licensed to issue insurance in the state who has an automatic bank withdrawal agreement with an insured party for the payment of insurance premiums for any type of insurance shall give the named insured at least 10 days advance written notice of any increase in policy premiums which results in the next automatic bank withdrawal being increased by more than $10. Such notice must be provided before any automatic bank withdrawal containing the increased premium.
Fla. Stat. § 627.0665
Automatic bank withdrawal agreements; notification required
Known as the Alonzo Mourning Access to Care Act
The act spans §§ 627.011 to 627.9913 (628 sections).
History.--ss. 1, 2, ch. 88-320; s. 114, ch. 92-318; s. 6, ch. 2023-217.
Official source: Online Sunshine (Florida Legislature). Reproduced from public-domain Florida statutes; confirm against the official source for the current text. Not legal advice.