Bill > H0489

This bill authorizes insureds and repair companies to enter into assignment agreements for post-loss benefits to repair, replace, protect, and mitigate damaged property under a residential property insurance policy. It sets forth requirements for valid assignment agreements, such as providing a 7-day rescission period, itemized cost estimates, and notice to the insurer. The bill also requires insurers to respond to pre-suit settlement demands, and it addresses the award of attorney fees in litigation related to assignment agreements. Additionally, the bill prohibits insurance policies from prohibiting the assignment of post-loss benefits and requires insurers to report data on claims paid pursuant to assignment agreements. Finally, the bill directs the Division of Consumer Services to implement a public information campaign to educate consumers about assignment agreements.

https://www.flsenate.gov/Session/Bill/2019/489