The purpose of this memorandum is to remind insurers in Florida of the Unfair Insurance Trade Practices Act and its prohibition against unfair methods of competition and unfair or deceptive acts or practices pursuant to section 626.9541(z), Florida Statutes (2014).
The Florida Office of Insurance Regulation (“Office”) is reminding insurers of the Florida Unfair Insurance Trade Practices Act (“Act”) and its requirement that insurers refrain from engaging in practices that constitute unfair methods of competition or unfair or deceptive acts or practices, including the act of “sliding.”
The Office has been made aware that some insurers, offering travel insurance through retail travel agencies in conjunction with travel purchases made via websites, require consumers to opt out of purchasing ancillary travel insurance by deselecting a radio button or check box. If a consumer does not deselect the insurance offering on the website, the cost of the coverage is automatically added to the consumer’s total purchase.
Sliding” is defined in the Act as…