Florida H0863 amends insurance policy procedures to include arbitration as a dispute resolution option for Citizens Property Insurance Corporation.

Florida H0863 amends the state statutes to allow Citizens Property Insurance Corporation to offer arbitration as an option for resolving disputes regarding claim determinations. Insured parties must be notified of this option in writing, in bold 12-point type, at the time of entering into a policy and upon renewal. The arbitration must be conducted before the Division of Administrative Hearings, and the administrative law judge can award attorney fees and other relief. The bill also specifies that these arbitrations are not subject to certain administrative proceedings and rules.

Florida H0863 amends insurance policy procedures to include arbitration as a dispute resolution option for Citizens Property Insurance Corporation.

Florida H0863 amends the state statutes to allow Citizens Property Insurance Corporation to offer arbitration as an option for resolving disputes regarding claim determinations. Insured parties must be notified of this option in writing, in bold 12-point type, at the time of entering into a policy and upon renewal. The arbitration must be conducted before the Division of Administrative Hearings, and the administrative law judge can award attorney fees and other relief. The bill also specifies that these arbitrations are not subject to certain administrative proceedings and rules.