FL H1197

Requires insureds, claimants, or persons acting on their behalf to provide written notice of loss to the insurer as a condition precedent to bringing a statutory or common-law action for bad-faith failure to settle a liability insurance claim.

Shields an insurer from bad-faith liability if the insurer complies with disclosure statement requests and offers to pay within 45 days of receiving written notice of loss the lesser of the claimant's acceptable amount or applicable policy limits in exchange for a full release.

Applies the written notice of loss requirement and settlement offer provisions to medical malpractice insurance actions under section 766.1185.

Takes effect July 1, 2015.