The bill establishes the Insurance Solutions Advisory Council within the Office of Insurance Regulation to analyze and evaluate data related to Florida's property and automobile insurance markets. The council will consist of various members appointed by the Speaker of the House, the President of the Senate, the Governor, and the Chief Financial Officer, including representatives from different sectors of the insurance industry and consumer advocacy. The council is tasked with submitting an annual report starting October 1, 2025, detailing its findings and recommendations.

Additionally, the bill mandates that the Office of Insurance Regulation provide necessary staffing and administrative support to the council. The council is set to expire on October 2, 2028, unless it is reviewed and saved from repeal by the Legislature. The effective date of the act is July 1, 2025.