House Bill 655 amends Florida statutes to classify pet insurance as a form of property insurance, thereby broadening the definition of "property insurance" to include coverage for pet accidents and illnesses. The bill introduces the "Pet Insurance Act," which sets forth requirements for pet insurance policies, such as the need for clear definitions of terms, accessible disclosures on insurers' websites, and informing policyholders about exclusions and claim payment processes. It also establishes regulations for pet wellness programs, designating certain sales practices as unfair competition.

Additionally, the bill mandates that pet insurers provide specific information to applicants and policyholders regarding exclusions for chronic or preexisting conditions and the criteria for claim payments. It prohibits insurers from requiring medical exams for policy renewals and allows for the waiver of waiting periods under certain circumstances. Key consumer protections include a 30-day review period for policy returns, a requirement for agents to include their contact information, and training for agents on relevant topics. The Florida Insurance Commission is authorized to adopt necessary rules for the bill's implementation, which is set to take effect on January 1, 2026.

Statutes affected:
H 655 Filed: 624.604