This bill amends Florida Statutes to establish mandatory mediation for disputed property insurance claims, making it a prerequisite before any litigation can commence. It requires all parties involved in a property insurance claim dispute to participate in mediation, which can now be conducted via teleconference or other electronic means if mutually agreed upon. The bill also specifies that all insureds or their representatives must attend the mediation in person, and it outlines the responsibilities regarding the costs associated with mediation. Additionally, the Department of Financial Services is mandated to adopt rules for the mediation program and can implement emergency rules as necessary.

The bill revises the definition of a "claim" and includes provisions for the timely exchange of information between policyholders and insurers following the invocation of mediation. It also establishes that if a settlement is reached during mediation, the policyholder has a three-day period to rescind the agreement if they are not represented by an attorney or public adjuster. Furthermore, the bill appropriates $1 million from the Insurance Regulatory Trust Fund for the administration of these changes and sets effective dates for the new provisions.

Statutes affected:
S 224 Filed: 627.7015, 627.7074