What does it mean when the state says State Farm Florida must surrender its license in 30 days? Does it mean my homeowners policy will be canceled in the next 30 days?
No, it does not mean that your homeowners policy will be canceled within the next 30 days. State Farm Florida will provide at least 180 days advance notice of nonrenewal to all residential property policyholders. State Farm Florida will continue to service such policies until their nonrenewal date. State Farm will ask the OIR to clarify this and other provisions in its conditional order.
