The State of Florida introduced a new bill concerning specified commercial lines and their rate and form filing procedures. The new bill is named SB 2176 and excuses particular commercial lines from Florida’s rate and form filing requirements. Both surety and fidelity are included in the lines for notice to the insurance department that must be submitted within 30 days of the effective date of any modification (Use and File). Both burglary and theft are not included in the lines excused of the requirements.
Eric is the Webmaster of JW Surety Bonds. With years of experience in the surety industry, he is also a contributing author to the surety bond blog.