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FL S1066
Bill
AI Summary
- Third party settlement organizations conducting transactions with Florida payees must create a mechanism for payment senders to identify whether payments are for goods and services or personal, and must limit information returns submitted to the Department of Revenue to goods-and-services transactions only
- Residential property owners may cancel roof repair or replacement contracts without penalty within 10 days of execution or by the official start date, whichever comes first, if the contract was entered into during a Governor-declared state of emergency; contractors must include cancellation notice language in bold 18-point type
- Short-term health insurance contracts must include expanded written disclosures—signed by the purchaser—covering contract duration, excluded essential health benefits, coverage content, and preexisting condition exclusions, printed in at least 12-point type and retained by the issuer for 5 years
- Notice of claim for loss assessment coverage under condominium association policies must be filed no later than 3 years after the date of loss and provided to the insurer within 1 year of the loss or 90 days after the association votes to levy an assessment, whichever is later
- Additional provisions expand the definition of "depository institution" to include federally and state-chartered banks and credit unions insured by FDIC or NCUSIF, require insurers' auditing accountants to complete 4 hours of insurance-related continuing education per cycle, and update the fireworks display safety code reference from the 1995 to the 2018 NFPA edition
Legislative Description
Consumer Protection
Last Action
Laid on Table, refer to CS/CS/HB 939
3/5/2024
Committee Referrals
Rules2/6/2024
Judiciary1/18/2024
Full Bill Text
No bill text available