RIA releases position on Florida HB 909
ROCKVILLE, MD — The Restoration Industry Association (RIA) has announced its position on Florida House Bill 909, which addresses the practice of Assignment of Benefits (AOB)., according to a press release.
The Association opposes HB 909 as well as any Senate bill that includes the same language regarding AOB, the release stated.
According to the release, RIA believes that the use of an AOB is in the best interest of the policy holder, and any prohibition will result in delaying work needed for the proper restoration of damage.
RIA encourages insurance providers in Florida to continue to include AOB in policies as this is in the best interests of their customers and consumers all across Florida, the release noted.
The current language in HB 909 has the potential to allow insurance providers to remove the rights of consumers to assign benefits within policies and RIA recommends that this language be eliminated in its entirety, the release added.
Click here to read the release in its entirety.
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February 21, 2023