This is a negligent error on the FL DOI and their reserve fund should be held responsible for he protection of these 9000 policy holders pending the normal expritation date of these policies. Proper notice should be given to policy holders that their polices will be non-renewed. They should be given the elective to 1. let policy run its course of overage, 2. replace the policy with any increased difference in rates being prorated and either be reimbursed by the state or if they find a lower rate, the refund would go the the state fund.
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This is a negligent error on the FL DOI and their reserve fund should be held responsible for he protection of these 9000 policy holders pending the normal expritation date of these policies. Proper notice should be given to policy holders that their polices will be non-renewed. They should be given the elective to 1. let policy run its course of overage, 2. replace the policy with any increased difference in rates being prorated and either be reimbursed by the state or if they find a lower rate, the refund would go the the state fund.