Florida Senate - 2018 COMMITTEE AMENDMENT Bill No. SB 784 Ì909708EÎ909708 LEGISLATIVE ACTION Senate . House . . . . . ————————————————————————————————————————————————————————————————— ————————————————————————————————————————————————————————————————— 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 bedeemed 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.