FL S1268

Requires the Department of Financial Services to take immediate enforcement action against adjusters lacking active licenses and the insurers employing them, and mandates non-resident adjusters complete 24 hours of Florida-specific continuing education annually

Adds new grounds for compulsory license revocation including committing crimes during claim handling, discriminatory claims practices, and knowingly misinterpreting policy provisions to create coverage limitations

Establishes stricter motor vehicle claim settlement practices including requirements for replacement parts to match manufacturer specifications, mandatory written repair plans before work begins, and compensation for diminished value after repairs

Revives attorney fee provisions for insurance litigation, allowing recovery of attorney fees and costs when insureds prevail in lawsuits against insurers for underpayment, wrongful denial, or bad faith practices in residential and commercial property insurance cases

Shortens the claim payment deadline from 60 to 30 days, requires clear written explanations for claim decisions, and imposes an additional equal interest penalty if insurers fail to pay amounts owed within 90 days of receiving notice