627.7015 before the initiation of arbitration. (5) The insurer also offers the policyholder a policy that does not require that the policyholder participate in mandatory binding arbitration.
History.—s. 18, ch. 2022-271.
1Note.—Section 23, ch. 2023-172, provides that “[c]hapter 2022-271, Laws of Florida, shall not be construed to impair any right under an insurance contract in effect on or before the effective date of that chapter law. To the extent that chapter 2022-271, Laws of Florida, affects a right under an insurance contract, that chapter law applies to an insurance contract issued or renewed after the applicable effective date provided by the chapter law. This section is intended to clarify existing law and is remedial in nature.”