This bill amends Florida Statutes to enhance the powers of the consumer advocate in the realm of property insurance rate standards. It introduces new provisions that allow the consumer advocate to request administrative hearings to challenge rate filings and to administer oaths, issue subpoenas, and compel the production of evidence during investigations. Additionally, the bill establishes that failure to comply with court orders related to these subpoenas may result in contempt charges, with the court having the authority to order the payment of reasonable expenses incurred by the consumer advocate in enforcing compliance.

Furthermore, the bill revises the rate approval process by prohibiting the Office of Insurance Regulation from approving property insurance rate filings that exceed a 10 percent increase over the highest rate approved in the past year, with a cumulative cap of 15 percent for multiple filings within that timeframe. It also mandates expedited administrative hearings for rate filing disputes and allows for expedited appellate reviews of final orders. The effective date for these changes is set for July 1, 2025.