Coming Soon: Electronic Insurance Documents
By Brooke Kelley-Hunt - PCIAA.net // April 6, 2015
Would Become Effective July 1, Unless Scott Vetoes
TALLAHASSEE, FLORIDA – The Florida Legislature has taken another step forward in modernizing its insurance laws by passing House Bill 273, which allows policyholders to receive their insurance documents via email as opposed to regular mail delivery provided they choose this option.
“It also frees policyholders from having to keep track of paper renewal notices and other important insurance documents, which is a real win for Floridians.”
Florida will now be the 28th state to adopt legislation that enables insurers to conduct all policyholder transactions over the internet. In 2014, Arkansas, Colorado, Georgia, Indiana, Iowa, Maryland, Ohio, Oregon, South Dakota, Utah and Wyoming enacted similar legislation that allows electronic delivery of documents and notices.
“This project has been a priority for PCI in several states. Not only does it meet the needs of our digital-age consumers, but it promotes an environmentally friendly alternative to the over production of paper documents,” said McFaddin.
The bill goes to Governor Scott and would become effective July 1, 2015 if he signs the legislation.
PCI promotes and protects the viability of a competitive private insurance market for the benefit of consumers and insurers. PCI is composed of more than 1,000 member companies, representing the broadest cross section of insurers of any national trade association.
PCI members write more than $210 billion in annual premium, 39 percent of the nation’s property casualty insurance. Member companies write 47 percent of the U.S. automobile insurance market, 33 percent of the homeowners market, 36 percent of the commercial property and liability market, and 39 percent of the private workers compensation market.