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The Florida Senate

SB 1464: Fair Settlement Act


Fair Settlement Act; Citing this act as the "Fair Settlement Act"; revising circumstances under which the Department of Financial Services and an authorized insurer must be given a certain presuit notice; requiring insureds, claimants, or any person acting on their behalf to provide insurers with written notices of loss as a condition precedent to bad faith actions; providing a limitation on an insurer’s liability to third-party claimants, under certain circumstances, if it files an interpleader action within a certain timeframe, etc.

Effective Date: 7/1/2019
Last Action: 5/3/2019 Senate - Died in Banking and Insurance, companion bill(s) passed, see CS/CS/CS/HB 301 (Ch. 2019-108)
Bill Text: Web Page | PDF
Senate Committee References:
  1. Banking and Insurance (BI)
  2. Judiciary (JU)
  3. Rules (RC)

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  • Bill History

    Date Chamber Action
    2/27/2019 Senate • Filed
    3/8/2019 Senate • Referred to Banking and Insurance; Judiciary; Rules -SJ 196
    3/13/2019 Senate • Introduced -SJ 196
    3/18/2019 Senate • On Committee agenda-- Banking and Insurance, 03/18/19, 4:00 pm, 412 Knott Building --Not Considered
    5/3/2019 Senate • Indefinitely postponed and withdrawn from consideration
    • Died in Banking and Insurance, companion bill(s) passed, see CS/CS/CS/HB 301 (Ch. 2019-108)

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  • SB 1464, Original Filed Version (Current Bill Version) Posted 2/27/2019 at 2:45 PM

    Bill Text:   Web Page | PDF
    Analyses:   Banking and Insurance (Pre-Meeting) 3/15/2019 (pdf)

    Related Bills (2)

    Bill Number Subject Filed By Relationship Last Action and Location Track Bills
    H 301 (er) Insurance Insurance and Banking Subcommittee Compare Last Action: 6/18/2019 Chapter No. 2019-108
    S 896 Motor Vehicle Insurance Brandes Compare Last Action: 5/3/2019 S Died in Infrastructure and Security, companion bill(s) passed, see CS/CS/CS/HB 301 (Ch. 2019-108)

    Citations - Statutes (1)

    Citation Catchline Location in Bill Location In Bill Help
    624.155 Civil remedy. Page 2 (pdf)

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