2016 Legislative Summary » Insufficient Funds Fee

Insufficient Funds Fee Print this page

CS/CS/HB 659

p. 7, §627.7295 

Authorizes motor vehicle insurers to charge $15, pursuant to policy terms, if an electronic premium payment fails due to insufficient funds.

This charge is in addition to any fees charged by an insured’s financial provider. 

Effective date: July 1, 2016
Chapter No. 2016-133, LOF
 

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