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This bill is strictly targeted at life or health insurance policies. Yes, we are monitoring and talking with our connections in FL, but the sky is not falling, I repeat, the sky is not falling.
There is no language in the bill that keeps it from applying to all insurance policies in the state. It simply states "Insurance Claims". We are on the cutting edge of what is happening and have discussed this with counsel as late as this morning . I can assure you that you are incorrect, Gary Hart.
NOT I repeat NOT just life or health insurance policies:
(4) As to suits based on claims brought by a third party
to an insurance contract, such attorney fees are not allowed if
such suit was commenced by or on behalf of the third party or if
proceeds of a court award would be directed to the third party.
CS/HB 669: Insurance Claims
GENERAL BILL by Insurance and Banking Subcommittee ; Tobia
Insurance Claims; Provides that assignment or agreement that transfers authority to adjust, negotiate or settle claim is void; prohibits assignment of insurable interest except to subsequent purchasers after loss; authorizes insurance policy to prohibit assignment of post-loss benefits; provides exceptions; provides requirements relating to communications regarding claims; revises time periods relating to initial, reopened & supplemental property insurance claim notices & payments; making conforming changes to Homeowner Claims Bill of Rights.
This bill is strictly targeted at life or health insurance policies. Yes, we are monitoring and talking with our connections in FL, but the sky is not falling, I repeat, the sky is not falling.
Here is a link that will help everyone understand what is happening in the Florida legislature at this moment. It refers mostly to contractors, but applies to auto glass and collision shops as well. It could happen anywhere!
http://www.saveourhomerights.com/