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Dear Fellow Floridians,
We're nearing the end of the 2020 Regular Legislative Session, and we've been fighting hard to protect Florida consumers.
The Consumer Protection Act passed its final committee and is headed to the Senate floor. This bill sends a message to insurance companies and public adjusters that if you're going to operate in the State of Florida, you must do what's right by your customers. I thank our bill sponsors, Chair Tom Wright and Chair Chuck Clemons, for their support in this vital legislation.
Consumer Protection Act
- Gives consumers more time to get out of public adjuster contracts.
- Ensures that Floridians have information about their insurance coverage before hurricane season starts.
- Requires all insurance companies to settle claims in 90 days.
- Cracks down on unlicensed transactions of insurance and stops companies from misleading practices like using the term Medicare in their name.
- Requires insurance companies to communicate with consumers more effectively when they send a partial payment or initial estimate.
- Eliminates fees on Floridians who are trying to take charge of their credit or when their insurance company goes under.
For more information on the bills please visit: SB 1492 y HB 1137.
Chief Financial Officer
State of Florida