No. HB 863
Filed under Insurance.
Arbitration for Disputes with Citizens Property Insurance Corporation; Requires notification of arbitration before Division of Administrative Hearings as option for dispute resolution procedures under Citizens Property Insurance Corporation.
Plain English Summary
AI-GENERATEDInstead of the corporation simply building a Division of Administrative Hearings process into its policy forms, each insured must now personally choose, when buying the policy and again at every renewal, whether claim disputes go to arbitration.
The corporation must give written notice of this choice in at least 12-point boldfaced type right before the insured's signature, with boxes to mark accept or decline.
Whichever box is marked governs every dispute that arises during that policy period. The choice cannot be changed until the policy is renewed again.
A separate authority letting the corporation contract with the Division to run these proceedings is repealed, though it was already due to expire July 1, 2026, the same day this act takes effect.
AIInstead of the corporation simply building a Division of Administrative Hearings process into its policy forms, each insured must personally choose, when buying the policy and again at every renewal, whether disputes over the corporation's claim determinations go to arbitration.
AIOnce an insured marks accept or decline, that choice governs every dispute arising during that policy period and cannot be switched, even if a later dispute would have been better suited to the option not chosen.
AIThe corporation must give each insured a written notice, in at least 12-point boldfaced type immediately before their signature, telling them they must mark accept or decline for arbitration before the Division of Administrative Hearings.
AIThe law no longer authorizes the corporation to contract with the Division of Administrative Hearings to conduct these disputes under this specific subparagraph, though that authority was already set to expire July 1, 2026, the same date this act takes effect.