The bill amends various sections of Florida Statutes concerning surplus lines insurance and property insurance claims, aiming to streamline processes and enhance insurer responsibilities. Key changes include the removal of the definition of "diligent effort" and the associated requirements for insurance coverage eligibility for export. It introduces a presumption that insured individuals are aware of other coverage options if they acknowledge a disclosure regarding surplus lines insurance. Additionally, the bill prohibits policyholders from assigning post-loss insurance benefits under property insurance policies and establishes new requirements for insurers to acknowledge communications related to residential property insurance claims within seven days and to begin investigations promptly.

Further amendments focus on improving the operational framework of the Citizens Property Insurance Corporation and enhancing consumer protections. The bill mandates that insurers provide detailed loss estimates within seven days and pay or deny claims within 60 days, with specific conditions for extending these timelines. It also clarifies the process for initiating litigation related to property insurance disputes, requiring claimants to give written notice of intent to sue at least 10 business days prior. Other provisions include prohibiting insurers from refusing to renew motor vehicle insurance based on noncriminal traffic infractions and modifying surplus lines agents' requirements to facilitate the export of flood insurance contracts. Overall, the bill seeks to improve transparency, accountability, and consumer protection within Florida's insurance market, with an effective date of July 1, 2025.

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