The bill amends Florida Statutes concerning insurance, particularly focusing on claims for extracontractual damages against property insurers. It establishes that such claims cannot be initiated until a court has confirmed that the insurer breached the contract and outlines specific notice requirements for filing these claims. Additionally, it clarifies that damages sought must align with the insurance policy terms and excludes attorney fees and certain costs. The bill introduces a tolling period for statutes of limitations and notice requirements when insurers request additional information from policyholders.

Further changes include new licensing requirements for general lines agents, regulations for adjusters communicating via text message, and the creation of claims-handling manuals for residential property insurers. It revises conditions under which insurers may cancel policies and includes provisions regarding inquiries into a person's HIV status for underwriting. The bill mandates that homeowners' insurance policies that exclude flood damage must clearly inform policyholders of this exclusion. It also requires insurers to begin investigations within seven days of receiving proof-of-loss statements, conduct physical inspections within 30 days, and maintain comprehensive claim records to enhance transparency and accountability in the claims process.

Statutes affected:
S 230 Filed: 624.1551, 626.732, 626.878, 627.4108, 627.4133, 627.7011