Florida Insurance Council - Covering Florida Since 1962
By: Katrina Callaway, FIC General Counsel On June 7, 2019, the Governor signed HB 617, a glitch bill making a clarifying change to last year’s bill requiring flood disclosure on homeowner’s policies. The bill takes effect on July 1, 2019. The bill clarifies that the flood disclosure currently required by law is only required on…
By: Katrina Callaway, FIC General Counsel On June 7, 2019, Governor DeSantis signed HB 673, the bill to equalize payment for long term care insolvencies by the Florida Life & Health Guaranty Association (FLAHIGA). The bill took effect on June 7th, its signing date. The bill is patterned on the NAIC model act for funding…
By: Katrina Callaway, FIC General Counsel On June 7, 2019, Governor DeSantis signed HB 1247 which takes effect on October 1, 2019. The bill primarily deals with construction bonds, however, there is a surety insurance provision in it. That provision applies Florida’s one-way attorney fee law to suits brought by contractors against a surety insurer…
By: Katrina Callaway, FIC General Counsel Language in a large construction bill relating to construction defect claims was approved by Governor DeSantis on June 7, 2019 when he signed HB 447. Starting July 1, 2019, the language provides that a notice of claim pursuant to chapter 558 does not toll any statute of repose.