Bill > H1433

Introduced Session

An act relating to hurricane mitigation grants and insurers' regulations; amending s. 215.5586, F.S.; revising legislative intent; specifying that hurricane mitigation grants funded through the My Safe Florida Home Program may be awarded only under certain circumstances; requiring the Department of Financial Services to require that certain mitigation improvements be made as a condition of reimbursing a homeowner approved for a grant; amending ss. 624.407 and 624.408, F.S.; increasing the surpluses required for certain insurers applying for their original certificates of authority and maintaining their certificates of authority, respectively; amending s. 624.4073, F.S.; specifying prohibitions for persons who were officers or directors of an insolvent insurer, officers or directors of a managing general agent of an insolvent insurer, attorneys in fact of an insolvent reciprocal insurer, or officers or directors of an attorney in fact of an insolvent reciprocal insurer; providing applicability; requiring the Office of Insurance Regulation to prohibit insurers or reciprocal insurers from paying any compensation to certain persons for certain violations until the violations are remedied; amending s. 627.062, F.S.; prohibiting the office from requesting insurers to waive deemed approvals for residential property insurance rate filings under certain circumstances; prohibiting the office from issuing notices of intent to disapprove residential property insurance rate filings under certain circumstances; creating s. 627.4263, F.S.; defining terms; authorizing insurers to use algorithms, artificial intelligence systems, and machine learning systems to assist in processing claims; prohibiting the use of algorithms, artificial intelligence systems, and machine learning systems as the sole basis for denying claims or portions of claims; requiring that insurers' final decisions to deny claims or portions of claims be made by qualified human professionals; specifying the duties of qualified human professionals; requiring insurers to maintain certain records; requiring insurers to include certain information in claims denial communications to claimants; requiring that certain insurers detail specified information in claims- handling manuals; authorizing the office to conduct market conduct examinations, perform investigations, and use other lawful methods for a specified purpose; providing an effective date.

AI Summary

Committee Categories

Yvette Benarroch (R)*,  Hillary Cassel (R), 

Other Sponsors (1)

Died in Commerce Committee (on 06/16/2025)

Official Document