Florida Senate - 2012                          SENATOR AMENDMENT
       Bill No. CS for CS for SB 1620
       
       
       
       
       
       
                                Barcode 446392                          
       
                              LEGISLATIVE ACTION                        
                    Senate             .             House              
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                  Floor: WD            .                                
             03/08/2012 08:45 AM       .                                
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       Senator Fasano moved the following:
       
    1         Senate Amendment (with title amendment)
    2  
    3         Between lines 2002 and 2003
    4  insert:
    5         Section 17. Subsection (2) of section 627.7073, Florida
    6  Statutes, is amended to read:
    7         627.7073 Sinkhole reports.—
    8         (2) An insurer that has paid a claim for a sinkhole loss
    9  shall file a copy of the report and certification, prepared
   10  pursuant to subsection (1), including the legal description of
   11  the real property and the name of the property owner, the
   12  neutral evaluator’s report, if any, which indicates that
   13  sinkhole activity caused the damage claimed, a copy of the
   14  certification indicating that stabilization has been completed,
   15  if applicable, and the amount of the payment, with the county
   16  clerk of court, who shall record the report and certification.
   17  The insurer shall bear the cost of filing and recording one or
   18  more reports and certifications. If an insurer fails to file a
   19  copy of the report within 30 days after payment of a sinkhole
   20  claim, a $25 penalty shall be assessed for each day beyond the
   21  30th day that the insurer is determined to be in noncompliance
   22  with this section until the insurer is in compliance, which
   23  shall be payable to the clerk of the court. There shall be no
   24  cause of action or liability against an insurer for compliance
   25  with this section.
   26         (a) The recording of the report and certification does not:
   27         1. Constitute a lien, encumbrance, or restriction on the
   28  title to the real property or constitute a defect in the title
   29  to the real property;
   30         2. Create any cause of action or liability against any
   31  grantor of the real property for breach of any warranty of good
   32  title or warranty against encumbrances; or
   33         3. Create any cause of action or liability against any
   34  title insurer that insures the title to the real property.
   35         (b) As a precondition to accepting payment for a sinkhole
   36  loss, the policyholder must file a copy of any sinkhole report
   37  regarding the insured property which was prepared on behalf or
   38  at the request of the policyholder. The policyholder shall bear
   39  the cost of filing and recording the sinkhole report. The
   40  recording of the report does not:
   41         1. Constitute a lien, encumbrance, or restriction on the
   42  title to the real property or constitute a defect in the title
   43  to the real property;
   44         2. Create any cause of action or liability against any
   45  grantor of the real property for breach of any warranty of good
   46  title or warranty against encumbrances; or
   47         3. Create any cause of action or liability against a title
   48  insurer that insures the title to the real property.
   49         (c) The seller of real property upon which a sinkhole claim
   50  has been made by the seller and paid by the insurer must
   51  disclose to the buyer of such property, before the closing, that
   52  a claim has been paid and whether or not the full amount of the
   53  proceeds was used to repair the sinkhole damage.
   54  
   55  ================= T I T L E  A M E N D M E N T ================
   56         And the title is amended as follows:
   57         Between lines 72 and 73
   58  insert:
   59         amending s. 627.7073, F.S.; providing a penalty for
   60         noncompliance with certain sinkhole reporting
   61         requirements; deleting a provision limiting an
   62         insurer’s liability for noncompliance;