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FL H0187

Bill

Status

Failed

5/2/2014

Primary Sponsor

Kathleen Passidomo

Click for details

Origin

House of Representatives

2014 Regular Session

AI Summary

  • Requires insureds, claimants, or their representatives to provide written notice of loss to insurers before filing statutory or common-law actions for bad-faith failure to settle liability insurance claims.

  • Protects insurers from bad-faith failure-to-settle liability if they comply with disclosure statement requests under section 627.4137 and offer within 45 days of receiving written notice of loss to pay the lesser of the claimant's acceptable amount or policy liability limits in exchange for a full release.

  • Insures offering the required settlement amount are not considered in violation of the duty to settle in good faith and cannot be held liable for bad-faith failure to settle under statute or common law.

  • Effective date is July 1, 2014.

Legislative Description

Civil Remedies Against Insurers

Last Action

Died in Insurance and Banking Subcommittee

5/2/2014

Committee Referrals

Insurance And Banking Subcommittee3/12/2014
Civil Justice Subcommittee11/22/2013

Full Bill Text

No bill text available