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FL H1087
Bill
Status
Failed
6/16/2025
Primary Sponsor
Randy Maggard
Click for details
AI Summary
- Replaces the existing voluntary mediation process for disputed property insurance claims with a mandatory dispute resolution procedure administered through the Division of Administrative Hearings (DOAH), where policyholders may file petitions for claims that are ripe, due, and owing
- Requires insurers to either pay the requested claim or file a response to the petition within 14 days of receipt, and requires the administrative law judge to issue a determination on the policyholder's coverage within 60 days of the petition filing
- Repeals four existing statutes (ss. 627.70151–627.70154) governing appraisal clauses in property insurance contracts, suits arising under property insurance policies, consolidation of residential property insurance actions, and mandatory binding arbitration of property insurance policies
- Creates s. 627.70156 to designate the homeowner's insurance policy insurer as the primary insurer when the insured also has a separate windstorm or flood insurance policy, requiring that insurer to pay the loss first and then seek subrogation from the windstorm or flood insurer
- Requires insurers to notify policyholders of the mandatory procedure at policy issuance, renewal, and at the time a claim is filed, and requires the Department of Financial Services to prepare a consumer information pamphlet for distribution at those times and upon a Governor's declaration of emergency
- Effective date is July 1, 2025
Legislative Description
Property Insurance Claims
Last Action
Died in Insurance & Banking Subcommittee
6/16/2025
Committee Referrals
Insurance And Banking Subcommittee3/5/2025
Full Bill Text
No bill text available