The Florida Office of Insurance Regulation (OIR) has amended Emergency Order (EO) 400385-24 to protect policyholders impacted by Hurricane Helene and has issued emergency Order (EO) 400386-24 to protect policyholders impacted by Hurricane Milton.
These Orders, among other things, extends grace periods, temporarily postpones cancellations or nonrenewals of policies, and directs insurers to implement processes and procedures to facilitate the efficient payment of claims.
The OIR will continue to accept “file and use” filings. Pending rate filings previously submitted under the “use and file” provision with an effective date between October 8, 2024, and December 10, 2024, are now considered “file and use” filings. Such filings are not required to be withdrawn and resubmitted. Pursuant to above, the time to review such filings by the OIR is tolled. But in the interest of the public welfare, “use and file” filings are suspended.
For more detailed information, review Hurricane Helene in EO 400385-24 and Hurricane Milton in EO 400386-24.