Florida Department of Financial Services - Homeowners Insurance Policy Endorsements

What this document is

Florida Department of Financial Services - Homeowners Insurance Policy Endorsements is a reference published by Florida Department of Financial Services, Division of Consumer Services (www.myfloridacfo.com). It is one of the Florida documents that insurance license exam questions are written from, including florida property & casualty, florida personal lines, florida claims adjuster practice questions. This page summarizes it and points to the official version, which is the text to rely on.

Sections cited in practice questions

Each practice answer shows the exact passage it comes from. These are sections of this document that questions cite, with a short excerpt from the source text.

• Florida DFS, Homeowners Insurance Policy Endorsements, Personal Property Exclusion

  “Per Florida law, you can remove coverage that insures your personal property/contents; however, if you are a condominium unit owner or a renter, you are not eligible to exclude the coverage. The endorsement must include your handwritten statement as required by law. The statement must also be...”

• Florida DFS, Homeowners Insurance Policy Endorsements, Water Backup and Sump Discharge or Overflow Coverage

  “This endorsement provides coverage for water that backs up into the home from a sewer, sump, or drain such as a toilet overflow. Homeowners insurance policies do not typically cover water back-up damage. This endorsement will not provide coverage for damage caused by floods.”

• Florida DFS, Homeowners Insurance Policy Endorsements, Sinkhole Coverage (Catastrophic Ground Cover Collapse)

  “To be considered catastrophic ground cover collapse, four criteria must be met: a sudden collapse of the ground, a depression in the ground that is clearly visible, structural damage to your insured property including the foundation, and your insured property is condemned and ordered vacant by the government.”

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More Florida sources

• Florida Administrative Code, Division 69O: chs. 69O-123 (Civil Remedy), 69O-124 (Anti-Coercion), 69O-125 (Unfair Discrimination), 69O-142 (Insurer Conduct), 69O-153 (Deceptive Insurance Practices), 69O-189 (Workers' Compensation), 69O-196 (Premium Finance Companies), 69O-215 (Agents), 69O-220 (Adjusters), 69O-228 (Continuing Education), 69O-230 (General Ethics and Disclosure Requirements) and 69O-231 (Penalty Guidelines for Insurance Representatives) (98 rules, 69O-123.001-69O-231.160)Regulation
• Florida Administrative Code, Division 69O (Office of Insurance Regulation): chs. 69O-166 (Property and Casualty Insurer Practices), 69O-167 (Property and Casualty Insurance Contracts), 69O-170 (Property and Casualty Insurance Rating), 69O-175 (Motor Vehicle Insurance) and 69O-176 (Motor Vehicle Insurance Requirements), 87 of the 89 rules the publisher lists (the two omitted are 69O-170.021 and 69O-170.022, transferred stubs whose .doc file holds a title and nothing else) (87 rules, 69O-166.021-69O-176.022)Regulation
• Florida Statutes s. 626.112 - License and appointment requiredState statute
• Florida Statutes s. 626.2815 - Continuing education requirementsState statute
• Florida Statutes s. 626.611 - Grounds for compulsory refusal, suspension, or revocation of licenseState statute
• Florida Statutes s. 626.621 - Grounds for discretionary refusal, suspension, or revocation of licenseState statute
• Florida Statutes s. 626.641 - Duration of suspension or revocation of licenseState statute
• Florida Statutes s. 626.7451 - Managing general agents; required contract provisionsState statute