FL S1746

Deletes the cash build-up factor from the Florida Hurricane Catastrophe Fund reimbursement premium formula, eliminating the 5-25 percent factor that had been applied based on contract year.

Requires managing general agents to be examined as if they were insurers, rather than making examination discretionary except for those representing a single domestic insurer.

Specifies that civil actions concerning surplus lines property insurance policies covering Florida property must be filed in the circuit court of the county where the property is located.

Grants the consumer advocate new powers to initiate proceedings, intervene in administrative hearings, and request expedited appellate reviews regarding insurance rate filings.

Modifies Citizens Property Insurance Corporation eligibility rules to allow policyholders to remain eligible if they decline or fail to respond to private insurer offers, except those made through the policyholder eligibility clearinghouse program.

Increases the windstorm or hurricane claim notice deadline from 3 years to 5 years after the hurricane makes landfall or windstorm causes damage.

Requires insurers to pay replacement costs without depreciation holdback for homeowners' losses occurring in counties under state of emergency declarations.

Provides an exception preventing misrepresentation or omission from barring recovery in residential property insurance policies in effect for more than 120 days.