What must insurers in Florida provide regarding adverse underwriting decisions?

Insurers in Florida are required to disclose the reasons for adverse underwriting decisions. This requirement is in place to ensure transparency and fairness in the insurance application process. When an insurer takes an adverse action—such as denying coverage, canceling a policy, or imposing higher premiums—they must inform the applicant of the specific reasons behind that decision. This practice allows individuals to understand the factors that influenced the insurer’s judgment, giving them an opportunity to address any issues or seek alternative options if desired.

Providing clear rationale for underwriting decisions helps protect consumers by ensuring they are treated fairly and are aware of specific aspects that may impact their coverage options. This requirement also promotes accountability within the insurance industry, encouraging insurers to base their decisions on objective criteria rather than arbitrary judgments.

The other options do not accurately reflect the requirements set forth in Florida law. Insurers do not need to file these decisions with the state, apologize to applicants, or deny applications under specific circumstances unrelated to underwriting criteria.