FL S1104

Prohibits insurers from canceling or nonrenewing personal or commercial residential property insurance policies for 90 days after a dwelling damaged by a hurricane or wind loss has been repaired, provided the damage is subject to a declaration of emergency and an order by the Commissioner of Insurance Regulation

Extends cancellation/nonrenewal protections to flood damage caused by hurricanes; if flood is not a covered peril, the insurer may not cancel until the property is repaired or one subsequent policy renewal expires, though claims for unrepaired flood damage are excluded from the extended or renewed policy

Allows insurers to cancel policies before repairs are completed with 10 days' notice for nonpayment of premium or loss of insurable interest, or with 45 days' notice for fraud, insured-caused repair delays, failure to respond to repair status inquiries within 30 days, or if policy limits have been paid

Defines a structure as "repaired" when substantially restored to an insurable condition by Citizens Property Insurance Corporation or another authorized insurer, or when inspected and certified by a licensed home inspector, building code inspector, contractor, engineer, or architect

Authorizes the Commissioner of Insurance Regulation to waive provisions of the bill for insurers demonstrating solvency concerns or other factors that could harm policyholders, and requires extended or renewed policies to contain similar terms as the original policy; effective July 1, 2024