The bill amends various sections of Florida Statutes concerning surplus lines insurance and property insurance claims, aiming to streamline processes and clarify the responsibilities of insurers and policyholders. It removes the definition of "diligent effort" and establishes a presumption that insured individuals are aware of other coverage options when they acknowledge a disclosure about surplus lines insurance. The bill also introduces new requirements for insurers, such as acknowledging communications regarding residential property insurance claims and stipulating that settlements or verdicts against insureds are necessary for non-insured parties to pursue actions against liability insurers. Additionally, it modifies the definition of "premium" to include various fees associated with insurance contracts.

Further amendments focus on enhancing transparency and efficiency in the claims process, requiring insurers to communicate clearly with policyholders and mandating that claims be paid or denied within 60 days of notice. The bill also prohibits policyholders from assigning post-loss insurance benefits under certain policies and allows for appraisal or alternative dispute resolution processes to toll the time limits for filing claims. It establishes new operational procedures for the Citizens Property Insurance Corporation, including eligibility criteria for coverage and requirements for agents. Overall, the legislation seeks to improve the insurance landscape in Florida by ensuring timely communication, protecting policyholders, and clarifying the rights and responsibilities of all parties involved.

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