Florida Regulations 69O-196.001: Standard Cancellation Notice
Current as of: 2024 | Check for updates
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When a premium finance agreement contains a power of attorney or other authority enabling the premium finance company to cancel any insurance contract or contracts listed in the agreement, all premium finance companies licensed to do business in this state shall effect cancellation of such policies by the use of a form containing the wording and information set forth below and shall be printed on a color paper of a shade of pink, to include all parts of any multi-part form:
STANDARD CANCELLATION NOTICE
PREMIUM FINANCE COMPANY IMPRINT
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STANDARD CANCELLATION NOTICE
PREMIUM FINANCE COMPANY IMPRINT
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Terms Used In Florida Regulations 69O-196.001
- Contract: A legal written agreement that becomes binding when signed.
- Power of attorney: A written instrument which authorizes one person to act as another's agent or attorney. The power of attorney may be for a definite, specific act, or it may be general in nature. The terms of the written power of attorney may specify when it will expire. If not, the power of attorney usually expires when the person granting it dies. Source: OCC