summary
Introduced
02/08/2019
02/08/2019
In Committee
02/19/2019
02/19/2019
Crossed Over
Passed
Dead
05/03/2019
05/03/2019
Introduced Session
2019 Regular Session
Bill Summary
Defining the term "assignment agreement"; requiring an assignee to meet certain requirements as a condition precedent to filing suit under a policy; providing that acceptance of an assignment agreement constitutes a waiver of certain claims, etc.
AI Summary
This bill creates a new section in Florida Statutes (627.7152) to define the term "assignment agreement" and establish requirements for assignees of property insurance post-loss benefits. The bill requires assignees to maintain records, cooperate with insurers, provide documents upon request, and submit to examinations and appraisals as a condition precedent to filing suit. The bill also states that the acceptance of an assignment agreement constitutes a waiver of claims against named insureds, except for payment of the deductible and betterment costs. The provisions of this bill apply to assignment agreements executed after July 1, 2019.
Committee Categories
Business and Industry
Sponsors (1)
Last Action
Died in Banking and Insurance, companion bill(s) passed, see CS/CS/HB 7065 (Ch. 2019-57) (on 05/03/2019)
Official Document
bill text
bill summary
Loading...
bill summary
Loading...
bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.flsenate.gov/Session/Bill/2019/904 |
| BillText | https://www.flsenate.gov/Session/Bill/2019/904/BillText/Filed/HTML |
| Bill | https://www.flsenate.gov/Session/Bill/2019/904/BillText/Filed/PDF |
Loading...