The bill amends various sections of Florida Statutes concerning surplus lines insurance and property insurance claims, aiming to streamline regulations and enhance consumer protections. It removes the definition of "diligent effort" and revises the conditions for exporting insurance coverage, establishing a presumption that insured individuals are aware of other coverage options. New provisions are introduced that transfer certain liability and deductible provisions to surplus lines insurance, while also prohibiting policyholders from assigning post-loss insurance benefits under property insurance policies. Additionally, the bill mandates timely communication from insurers regarding residential property insurance claims and outlines specific requirements for claims processing, including timelines for payment or denial and the reporting of claims.

Further amendments focus on the operational procedures of the Citizens Property Insurance Corporation, including the appointment of licensed agents and the establishment of quota share primary insurance agreements for hurricane coverage. The bill clarifies eligibility criteria for risks and emphasizes that coverage from authorized insurers at approved rates disqualifies risks from corporation policies unless certain premium thresholds are met. It also introduces restrictions on insurers regarding motor vehicle and flood insurance, enhancing consumer protections by limiting the grounds for policy cancellations and nonrenewals. Overall, the bill seeks to clarify the roles and responsibilities of insurers and policyholders while improving the efficiency of the insurance claims process in Florida.

Statutes affected:
S 1184 Filed: 626.913, 626.914, 626.916, 627.4085, 627.701, 627.70131, 627.70132, 627.70152, 627.952, 626.931, 627.351, 626.918, 626.9325, 626.9541, 626.935, 627.715
S 1184 c1: 626.913, 626.914, 627.4085, 627.701, 627.70131, 627.70132, 627.70152, 627.952, 626.931, 627.351, 626.918, 626.9325, 626.9541, 626.935