Bill > S1184

Introduced Session

An act relating to residual market insurers; amending s. 626.913, F.S.; conforming a provision to changes made by the act; amending s. 626.914, F.S.; removing the definition of the term “diligent effort”; amending s. 626.916, F.S.; revising the conditions for insurance coverage to be eligible for export; providing a presumption that an insured is presumed to have been informed of the availability of other coverage under certain circumstances; amending ss. 627.4085, 627.701, 627.70131, 627.70132, 627.70152, and 627.952, F.S.; removing applicability and nonapplicability to surplus lines insurance of provisions relating to applications for insurance policies and annuity contracts; liability of insureds, coinsurance, and deductibles; insurers’ duty to acknowledge communications regarding claims and investigations; notice of property insurance claim; suits arising under a property insurance policy; and risk retention and purchasing group agents, respectively; creating ss. 626.9261, 626.9262, 626.9263, and 626.9264, F.S.; transferring to surplus lines insurance those provisions relating to liability of insureds and deductibles; insurers’ duty to acknowledge communications regarding residential property insurance claims and investigations; notice of property insurance claim; suits arising under a property insurance policy; creating s. 626.9265, F.S.; prohibiting policyholders from assigning post-loss insurance benefits under property insurance policies; creating s. 626.9266, F.S.; requiring settlements or verdicts against insureds as a condition precedent to the accrual or maintenance of causes of actions against liability insurers by persons who are not insureds; providing that insurers are parties for the purpose of recovering taxable costs and attorney fees under certain circumstances; authorizing insurers to insert specified contractual provisions in liability insurance policies; authorizing liability insurers to be joined as party defendants under certain circumstances; prohibiting insurers’ presence from being disclosed under certain circumstances; amending s. 626.931, F.S.; removing the requirement that certain surplus lines agents file a specified affidavit; amending s. 626.932, F.S.; conforming cross-references; revising the timeline of the surplus lines tax remittance by surplus lines agents to the Florida Surplus Lines Service Office; amending s. 627.351, F.S.; revising the requirements for licensed agents appointed by Citizens Property Insurance Corporation to write and renew certain insurance coverage; amending ss. 626.918, 626.9325, and 626.9541, F.S.; conforming cross-references; amending ss. 626.935 and 627.715, F.S.; conforming provisions to changes made by the act; providing an effective date.

Committee Categories

Nick DiCeglie (R)*, 

Other Sponsors (1)

Indefinitely postponed and withdrawn from consideration (on 05/03/2025)

Official Document