The bill amends Florida Statutes to establish mandatory mediation for disputed property insurance claims, making it a condition precedent to litigation. It requires all parties involved in a property insurance claim dispute to participate in mediation, which can now be conducted via teleconference or other electronic means if mutually agreed upon. The bill also specifies that all insureds or their representatives must attend the mediation, and outlines the responsibilities regarding the costs associated with mediation. The Department of Financial Services is mandated to adopt rules for the mediation program and is authorized to implement emergency rules as necessary.

Additionally, the bill revises the definition of "claim" and sets forth new requirements for policyholders, including the obligation to provide the insurer with relevant information and documents within ten days after mediation is invoked. It also clarifies the conditions under which a policyholder can rescind a settlement reached during mediation. The bill includes an appropriation of $1 million from the Insurance Regulatory Trust Fund for the administration of these changes and specifies that the act will take effect on January 1, 2027, with certain provisions effective July 1, 2026.

Statutes affected:
H 341 Filed: 627.7015, 627.7074