We often receive questions from insurers or agents relating to the requirements for exporting risks to the surplus lines market. These are fact-specific determinations that depend on the nature of the risks and the markets available to the agents. The Florida Department of Financial Services likewise reports receiving questions in this area and recently summarized […]
The Governor has approved legislation passed in the recent session addressing several aspects of Florida’s condominium insurance laws. Among the changes, the new law makes changes to insurance requirements that apply to condominium associations and unit owners’ policies. Some of these changes are similar to reforms that passed last year in a bill that ultimately […]
The Florida Legislature incorporated changes to the condominium insurance law into a broader bill dealing with condominium issues. The legislature passed similar changes in 2009, but Governor Crist vetoed the bill for unrelated reasons. Insurers again in 2010 will have to await the Governor’s action on the broader bill to see if the much anticipated reforms […]