FL S1088

Requires written notice of loss from the insured, claimant, or their representative as a condition for bringing third-party bad faith actions against liability insurers for failure to settle claims.

Shields insurers from bad faith liability if they comply with disclosure statement requests under s. 627.4137.

Shields insurers from bad faith liability if they offer to pay within 45 days of receiving written notice of loss either the claimant's requested amount or the policy liability limits, whichever is less, in exchange for full release of the insured.

Applies the new third-party bad faith provisions to medical malpractice insurance cases through reenactment of s. 766.1185.

Takes effect July 1, 2015.