HOUSE AMENDMENT

                                           Bill No. CS for SB 1126

    Amendment No. ___ (for drafter's use only)

                            CHAMBER ACTION
              Senate                               House
                                   .
                                   .
  1                                .
                                   .
  2                                .
                                   .
  3                                .
                                   .
  4  ______________________________________________________________

  5                                           ORIGINAL STAMP BELOW

  6

  7

  8

  9

10  ______________________________________________________________

11  Representative(s) Alexander offered the following:

12

13         Amendment (with title amendment) 

14         On page 12, between lines 25 and 26 of the bill

15

16  insert:

17         (I)  With respect to policies issued or renewed on or

18  after January 1, 2005, but prior to January 1, 2006, the

19  association shall not provide coverage on any personal lines

20  residential risk for which the value of the dwelling exceeds

21  $500,000 as determined by the most recent appraisal of the

22  Property Appraiser.

23         (II)  With respect to policies issued or renewed on or

24  after January 1, 2006, but prior to January 1, 2007, the

25  association shall not provide coverage on any personal lines

26  residential risk for which the value of the dwelling exceeds

27  $400,000 as determined by the most recent appraisal of the

28  Property Appraiser.

29         (III)  With respect to policies issued or renewed on or

30  after January 1, 2007, the association shall not provide

31  coverage on any personal lines residential risk for which the

                                  1

    File original & 9 copies    03/19/02
    hthe001                     09:24 pm         01126-0066-842209




                                                   HOUSE AMENDMENT

                                           Bill No. CS for SB 1126

    Amendment No. ___ (for drafter's use only)





  1  value of the dwelling exceeds $300,000 as determined by the

  2  most recent appraisal of the Property Appraiser.

  3         (IV)  With respect to policies issued or renewed on or

  4  after January 1, 2005, the association shall not provide

  5  coverage on any personal lines residential risk for which the

  6  policyholder has not provided the association with proof that

  7  the property qualifies for a homestead exemption as provided

  8  in chapter 196.

  9         (V)  Any property rendered ineligible for coverage by

10  the association pursuant to this sub-subparagraph is eligible

11  for coverage by the Residential Property and Casualty Joint

12  Underwriting Association, notwithstanding the provisions of

13  sub-subparagraph (6)(c)5.c. However, before such coverage

14  commences, the insurer that is covering the property for

15  perils other than windstorm shall have the opportunity to

16  offer the property owner a full homeowner's policy at a

17  premium determined under the calculation specified in

18  subparagraph (6)(d)2., minus 10 percent, or at its approved

19  rate, in its discretion. The board shall provide the insurer

20  and the agent of record with the information necessary to

21  effectuate such offer.

22

23

24  ================ T I T L E   A M E N D M E N T ===============

25  And the title is amended as follows:

26         On page 1, line 5

27

28  insert:

29         limiting eligibility for coverage provided by

30         the facility; providing alternative sources of

31         coverage;

                                  2

    File original & 9 copies    03/19/02
    hthe001                     09:24 pm         01126-0066-842209