Florida Senate - 2011                        COMMITTEE AMENDMENT
       Bill No. SB 1714
       
       
       
       
       
       
                                Barcode 817068                          
       
                              LEGISLATIVE ACTION                        
                    Senate             .             House              
                  Comm: RCS            .                                
                  03/29/2011           .                                
                                       .                                
                                       .                                
                                       .                                
       —————————————————————————————————————————————————————————————————




       —————————————————————————————————————————————————————————————————
       The Committee on Banking and Insurance (Bennett) recommended the
       following:
       
    1         Senate Amendment to Amendment (946762) (with title
    2  amendment)
    3  
    4         Delete lines 184 - 195
    5  and insert:
    6         5. Effective October 1, 2011 January 1, 2009, a personal
    7  lines residential structure that is located in the “wind-borne
    8  debris region,” as defined in s. 1609.2, International Building
    9  Code (2006), and that has an insured value on the structure of
   10  $750,000 or more is not eligible for coverage by the
   11  corporation. However, unless the structure has opening
   12  protections as required under the Florida Building Code for a
   13  newly constructed residential structure in that area, the
   14  corporation may charge a surcharge that it deems appropriate for
   15  such structures, notwithstanding any restrictions on rates
   16  provided in this subsection or in s. 627.062. A residential
   17  structure shall be deemed to comply with the requirements of
   18  this subparagraph if it has shutters or opening protections on
   19  all openings and if such opening protections complied with the
   20  Florida Building Code at the time they were installed.
   21  
   22  ================= T I T L E  A M E N D M E N T ================
   23         And the title is amended as follows:
   24         Delete line 1770
   25  and insert:
   26         corporation’s plan of operation; directing the
   27         corporation to provide coverage to certain excluded
   28         residential structures but at rates deemed appropriate
   29         by the corporation; providing that