FIC: Auto Preinsurance Inspections Loosened Under Bill
By: Katrina Callaway, FIC General Counsel Currently, preinsurance motor vehicle inspections are only required in seven counties in Florida. A recent study of the preinsurance inspection program by the Department of Financial Services (DFS) found the program cost insurers over $12M and reduced premiums for policyholders only by $35,640, a bad return on investment for…