627.0665 Automatic bank withdrawal agreements; notification required. - Florida Statutes

627.0665 Automatic bank withdrawal agreements; notification required.

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 15 days advance written notice of any increase in policy premiums prior to any automatic bank withdrawal of an increased premium.

History. ss. 1, 2, ch. 88-320; s. 114, ch. 92-318.