Bill > H0291

This bill updates Florida law regarding service agreements and home warranties, primarily by allowing for their electronic transmission, which will be considered official delivery to the customer, provided the customer is informed of their right to receive a paper copy and agrees to electronic delivery. It also revises the financial requirements for certain warranty associations, specifically allowing their premiums to exceed certain limits if they maintain a minimum net worth and utilize a contractual liability insurance policy from an approved insurer that meets specific financial and rating criteria, ensuring claims are covered. Additionally, the bill clarifies that these contractual liability policies must cover 100% of the association's claims liability.