H737 - Department of Insurance Omnibus Bill. (SL 2025-45)

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Session Year 2025

Overview: Part XIII of S.L. 2025-45 (House Bill 737) provides the following:

  • The chargeback of an insurance premium payment made by credit card is deemed to be a nonpayment of premium.
  • In the event of a chargeback of an insurance premium payment made by credit card, any permitted policy cancellation is effective retroactively to the date the premium payment was made by credit card.

This Part became effective July 1, 2025.