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Florida adopts new unfair insurance trade practices act
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Legislative Developments
Wednesday, March 28, 2018
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The Florida legislature adopted a bill that revises the types, value and frequency of advertising and promotional gifts that licensed insurers or their agents may give to insureds, prospective insureds and others. It also prohibits title agents, title insurance agencies or title insurers from giving insureds, prospective insureds or others any article of merchandise in excess of a specified value. Read on for more details of the law that was presented to the governor on March 26.
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