HB 1191 2024
CODING: Words stricken are deletions; words underlined are additions.
hb1191-00
Page 1 of 2
F L O R I D A H O U S E O F R E P R E S E N T A T I V E S
A bill to be entitled 1
An act relating to assignment of benefits for surplus 2
lines insurers; amending s. 627.7152, F.S.; providing 3
that the prohibition against assignment of post -loss 4
insurance benefits applies to residential and 5
commercial property insurance policies issued by 6
authorized insurers and eligible surplus lines 7
insurers on or after a specified date; providing an 8
effective date. 9
10
Be It Enacted by the Legislature of the S tate of Florida: 11
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Section 1. Subsection (13) of section 627.7152, Florida 13
Statutes, is amended, and subsection (11) of that section is 14
republished, to read: 15
627.7152 Assignment agreements. — 16
(11) This section does not apply to: 17
(a) An assignment, transfer, or conveyance granted to a 18
subsequent purchaser of the property with an insurable interest 19
in the property following a loss; 20
(b) A power of attorney under chapter 709 that grants to a 21
management company, family member, guardian, or similarly 22
situated person of an insured the authority to act on behalf of 23
an insured as it relates to a property insurance claim; or 24
(c) Liability coverage under a property insurance policy. 25
HB 1191 2024
CODING: Words stricken are deletions; words underlined are additions.
hb1191-00
Page 2 of 2
F L O R I D A H O U S E O F R E P R E S E N T A T I V E S
(13)(a) Except as provided in subsection (11), a 26
policyholder may not ass ign, in whole or in part, any post -loss 27
insurance benefit under any residential property insurance 28
policy or under any commercial property insurance policy as that 29
term is defined in s. 627.0625(1), issued on or after January 1, 30
2023. An attempt to assign post-loss property insurance benefits 31
under such a policy is void, invalid, and unenforceable. 32
(b) On or after July 1, 2024, the prohibition under 33
paragraph (a) applies to a residential or commercial property 34
insurance policy issued by an authorized insu rer as well as an 35
eligible surplus lines insurer. 36
Section 2. This act shall take effect July 1, 2024. 37