Florida Senate - 2018                        COMMITTEE AMENDMENT
       Bill No. SB 784
       
       
       
       
       
       
                                Ì909708EÎ909708                         
       
                              LEGISLATIVE ACTION                        
                    Senate             .             House              
                  Comm: RCS            .                                
                  02/06/2018           .                                
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       The Committee on Banking and Insurance (Brandes) recommended the
       following:
       
    1         Senate Amendment to Amendment (449152) (with title
    2  amendment)
    3  
    4         Between lines 1236 and 1237
    5  insert:
    6         Section 17. Subsection (1) of section 627.756, Florida
    7  Statutes, is amended to read:
    8         627.756 Bonds for construction contracts; attorney fees in
    9  case of suit.—
   10         (1) Section 627.428 applies to suits brought by owners,
   11  contractors, subcontractors, laborers, and materialmen against a
   12  surety insurer under payment or performance bonds written by the
   13  insurer under the laws of this state to indemnify against
   14  pecuniary loss by breach of a building or construction contract.
   15  Owners, contractors, subcontractors, laborers, and materialmen
   16  are shall be deemed to be insureds or beneficiaries for the
   17  purposes of this section.
   18         Section 18. The amendment made by this act to s. 627.756,
   19  Florida Statutes, applies only to payment or performance bonds
   20  issued on or after October 1, 2018.
   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 1314
   25  and insert:
   26         persons; amending s. 627.756, F.S.; providing that
   27         certain attorney fee provisions apply to suits brought
   28         by contractors against surety insurers under payment
   29         or performance bonds for building or construction
   30         contracts; providing that contractors are deemed to be
   31         insureds or beneficiaries for the purposes of such
   32         provisions; providing applicability; providing an
   33         effective date.