FL S1412

Creates section 455.2278, F.S. to establish disciplinary grounds for licensees regulated by the Department of Business and Professional Regulation who engage in prohibited property insurance practices.

Prohibits licensees from directly or indirectly offering, delivering, receiving, or accepting compensation, inducements, or rewards for referrals of business involving property insurance proceeds.

Prohibits licensees from interpreting policy provisions, advising on coverage or duties under property insurance policies, or adjusting property insurance claims unless they hold an unencumbered public adjuster license, with an exception allowing discussion of construction or repair bids for their usual and customary fees.

Requires licensees to provide insured parties with a detailed, itemized good faith estimate of service and material costs for insurance-related repairs before a repair agreement is executed, with protection against violations if actual costs differ due to claim adjustment with the insurer.

Takes effect July 1, 2017.