Each year, FAIA provides a line-by-line analysis of legislation and how it affects the insurance industry. Where shown, page numbers refer to pages in the enrolled bill. Section (§) numbers refer to Florida Statutes. Content shown in italics represents comments on final provisions. This summary is not intended to constitute legal advice. If you have questions of a legal nature, please consult your attorney. Any redistribution or republication without the express written approval of FAIA is prohibited.

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Each year, FAIA provides a line-by-line analysis of legislation and how it affects the insurance industry.

Assignment of Benefits (AOB) abuse, which occurs when unscrupulous vendors file inflated claims with insurance companies and then threaten to sue if the claim is not paid, is driving up the cost of property insurance premiums in Florida.

Assignment of Benefits (AOB) abuse is driving up the cost of property insurance premiums in Florida.

Policyholder information released by Citizens Property Insurance Corporation to third parties under circumstances specified in current law is often used by other insurance agents and insurers to solicit policies that by law are owned by the Citizens agent of record.

CS/CS/HB 925

Effective date: July 1, 2017
Chapter No. 2017-175, LOF

CS/CS/HB 925

Effective date: July 1, 2017
Chapter No. 2017-175, LOF

The law requiring a diligent effort form for exportation of commercial residential risks (condominiums) to the surplus lines market does not align with marketplace realities and creates traps for agents.

The law requiring a diligent effort form for exportation of commercial residential risks (condominiums) to the surplus lines market does not align with marketplace realities, is haphazardly enforced, and doesn’t serve the best interests of the sophisticated commercial residential customer. 

 Fear of being hit with awards far in excess of policy limits forces many insurers to settle and pay claims even when the insurer doubts the validity of the claim, increasing insurance premiums for everyone. 

CS/CS/HB 813

Effective date: July 1, 2017
Chapter No. 2017-142, LOF

CS/HB 307

pp. 1–2, §631.713; pp. 2–3, §631.717

Effective date: July 1, 2017, except as otherwise provided
Chapter No. 2017-131, LOF

CS/CS/HB 911

Effective date: July 1, 2018
Chapter No. 2017-147, LOF

CS/CS/HB 805

Effective date: July 1, 2017
Chapter No. 2017-19, LOF

CS/CS/HB 837

Effective date: July 1, 2017
Chapter No. 2017-143, LOF

CS/CS/HB 377

pp. 1–2, §95.11(3)(c)

Effective date: July 1, 2017, and applies to causes of actions that accrue on or after that date.

Chapter No. 2017-101, LOF

Staged accidents and other fraudulent activities, coupled with high attorney involvement in a supposedly no-fault system, continue to drive up the cost of personal injury protection (PIP) insurance to a level at which those Floridians who most need it can hardly afford it

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