FL S1262

Revises the definition of "motor vehicle service agreement" by removing the exemption for service agreements sold to non-consumers for commercial purposes.

Allows motor vehicle service agreement companies, home warranty associations, and service warranty associations to effectuate refunds through issuing salespersons or agents, with requirements to maintain documentation of refunds for 45 days upon request.

Establishes that the Office of Insurance Regulation may conduct examinations at its discretion rather than being required to do so, limiting examinations to the most recent 5 years and capping examination costs at 10 percent of reported net income.

Removes criteria and rules requiring the office to determine whether examinations are warranted based on licensing duration, compliance history, consumer complaints, and financial condition.

Authorizes governmental entities, public agencies, and private parties to provide funds to the Department of Financial Services to pursue unauthorized warranty agreement entities, with unused funds carried forward annually rather than reverting.