House Bill 655 amends Florida Statutes to formally recognize pet insurance as a type of property insurance, specifically designed to cover accidents and illnesses of pets. The bill introduces a new section, 627.71545, which establishes a regulatory framework that includes definitions for key terms such as "chronic condition," "preexisting condition," and "wellness program." Insurers are required to incorporate these definitions into their policies and make them accessible on their websites. The legislation also mandates clear disclosures regarding policy exclusions, claim payment determinations, and medical examination requirements, enhancing transparency for consumers.

Additionally, the bill prohibits unfair practices related to pet wellness programs, ensuring they are marketed separately from pet insurance and that their purchase is not a prerequisite for obtaining insurance. It includes provisions for the training of insurance agents, mandates written disclosures to policyholders, and establishes a 30-day review period for policyholders to return their insurance policy for a full refund if unsatisfied. The bill also sets a maximum waiting period of 30 days for certain illnesses while prohibiting waiting periods for accidents. It is scheduled to take effect on January 1, 2026, with the commission authorized to adopt necessary rules for its implementation.

Statutes affected:
H 655 Filed: 624.604
H 655 er: 624.604