FL S0062

Prohibits awarding attorney fees under Florida Statutes sections 626.9373 or 627.428 to any person or entity seeking relief against an insurer based on an assignment agreement.

Requires assignment agreements to be in writing with all named insureds' signatures, include a 7-day rescission right without penalties, require the assignee to notify the insurer within 3 business days, and include an itemized per-unit cost estimate.

Prohibits assignment agreements from including rescission penalties, check or mortgage processing fees, cancellation penalties, or administrative fees.

Requires assignees to maintain service records, cooperate with insurer investigations, provide requested documents, submit itemized cost statements with payment requests, and participate in examinations under oath and appraisal or alternative dispute resolution before filing suit.

Applies to assignment agreements executed after July 1, 2018, and does not apply to assignments to subsequent property purchasers, powers of attorney under chapter 709, or liability coverage.