Life Insurance and Foreign Travel for Florida Residents

The Florida Office of Insurance Regulation has issued its 2008 Freedom to Travel Report. The report details the Office's efforts to implement the Freedom to Travel Act, which was passed in 2006. The legislation limits the ability of life insurance companies to deny coverage or increase premiums for Florida applicants based upon their foreign travel history or future plans. The report states that seven life insurance companies were fined a total of $108,000 in 2007 for violations of the Freedom to Travel Act.