The bill is aimed at lowering Floridians' property insurance costs.
It is the first bill signed by Gov. Crist, who took office earlier this month.
Insurance rates have skyrocketed since the busy hurricane seasons of 2004 and 2005.
Homeowners are expected to save anywhere from five to 20 percent.
Viewers with disabilities can get assistance accessing this station's FCC Public Inspection File by contacting the station with the information listed below. Questions or concerns relating to the accessibility of the FCC's online public file system should be directed to the FCC at 888-225-5322, 888-835-5322 (TTY), or email@example.com.