Description
Subsection 626.9541(1)(dd), Florida Statutes, enacted in 2006, defines the conditions under which the refusal or limiting of life insurance or the refusal to continue existing life insurance based on past or future lawful travel constitutes an unfair trade practice. Chapter Law 2006-277 requires the Office of Insurance Regulation (Office) to report to the President of the Senate and the Speaker of the House of Representatives by March 1, 2007, and on the same date annually thereafter, on the implementation of this paragraph. The report is to include, but not be limited to, the number of applications under which life insurance was denied, continuance was refused, or coverage was limited based on future travel plans; the number of insurers taking such action; and the reason for taking each such action.
