The bill amends various sections of Florida Statutes, primarily focusing on the My Safe Florida Home Program and the management of insurance and abandoned property. Key changes include revised eligibility requirements for hurricane mitigation inspections, allowing applicants to submit subsequent inspections under specific conditions, and removing the requirement for licensed inspectors to determine mitigation measures during initial inspections. The bill introduces new definitions and criteria for hurricane mitigation grants, stipulating that improvements must be identified in the final inspection to qualify for funding. It also grants the Department of Financial Services expanded authority to manage property insurance coverage and streamline the process for purchasing insurance and reinsurance without prior approval from the Department of Management Services.

Additionally, the bill updates the terminology from "unclaimed" to "abandoned" property throughout various sections, clarifying the conditions under which property is presumed abandoned and establishing new due diligence requirements for holders of such property. It mandates that holders must conduct reasonable efforts to locate and notify apparent owners before reporting property as abandoned. The bill also outlines the responsibilities of claimants and their representatives, including the need for valid identification and documentation when claiming abandoned property. Overall, the legislation aims to enhance the efficiency and transparency of the My Safe Florida Home Program, improve hurricane mitigation efforts, and streamline the management of abandoned property while protecting the rights of owners.

Statutes affected:
S 1452 Filed: 215.422, 284.08, 284.33, 626.171, 626.292, 626.611, 626.621, 626.731, 626.785, 626.831, 648.34, 648.382, 717.001, 717.102, 717.103, 717.104, 717.1045, 717.105, 717.107, 717.1071, 717.108, 717.109, 717.1101, 717.111, 717.1125, 717.113, 717.115, 717.116, 717.117, 717.118, 717.119, 717.122, 717.123, 717.1235, 717.124, 717.12403, 717.12404, 717.12405, 717.12406, 717.1241, 717.1242, 717.1244, 717.1245, 717.125, 717.126, 717.1261, 717.1262, 717.129, 717.1315, 717.1333, 717.135, 717.138, 717.1382, 717.139, 717.1400, 197.582, 626.9541