Florida Statutes, Rules, and Regulations Common to All Lines
Why does the deemed approval rule in section 627.410 matter to an insurer planning a launch date?
Answer and explanation
Answer: B. Section 627.410(2) requires filing at least 30 days in advance and provides that the form is deemed approved at the expiration of the 30 days unless affirmatively approved or disapproved first, subject to a 15-day extension. That gives the insurer a bounded outer limit to plan against rather than an open-ended wait.Source: Fla. Stat. § 627.410 — 627.410(2), Consequence of the deemed approval rule
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