Bill > H7065

This bill creates requirements and limitations for property insurance assignment agreements in Florida. The key provisions include: 1. Defining terms such as "assignee," "assignment agreement," and "disputed amount." 2. Specifying mandatory contents and prohibited provisions in assignment agreements. 3. Limiting the amount of post-loss benefits that can be assigned under an emergency or urgent circumstance. 4. Establishing the burden of proof for assignees and requirements they must meet, such as maintaining records and cooperating with the insurer. 5. Prohibiting assignees from seeking payment from the assignor exceeding the policy deductible, unless the assignor chooses additional work. 6. Requiring the assignee to provide written notice and detailed invoice before filing suit, and allowing the insurer to respond with a settlement offer or request for alternative dispute resolution. 7. Addressing attorney fees and costs based on the difference between the judgment obtained and the insurer's presuit settlement offer. 8. Exempting certain types of assignments from the bill's requirements. 9. Requiring insurers to report data on claims paid under assignment agreements. The bill also creates a new section prohibiting insurers from restricting assignment of post-loss benefits unless they make available a fully assignable policy at the same time and at a higher cost.

Business and Industry, Justice

Civil Justice Subcommittee (House), Insurance and Banking Subcommittee (House), Judiciary Committee (House)

https://www.flsenate.gov/Session/Bill/2019/7065