Florida Senate - 2005                        SENATOR AMENDMENT
    Bill No. CS for CS for SB 1488
                        Barcode 084570
                            CHAMBER ACTION
              Senate                               House
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 1                  WD/2R          .                    
       05/05/2005 08:15 PM         .                    
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11  Senator Geller moved the following amendment:
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13         Senate Amendment 
14         On page 57, lines 23-29, delete those lines
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16  and insert:  
17         (b)  The legislative intent of this subsection is to
18  ensure prompt payment of windstorm policy benefits due in the
19  event of a total loss without allowing an insured to receive a
20  double recovery. In the event there is a windstorm incident
21  and the damages are a partial result of wind and a partial
22  result of flood, the windstorm carrier shall pay its full
23  policy limits, less any deductible. In the event a windstorm
24  carrier pays its policy limits, it shall have a right of
25  indemnity from the flood carrier in an amount in excess of the
26  deductible up to the flood carrier's policy limits. The
27  insured shall maintain its rights to seek the amount of the
28  windstorm deductible from the flood carrier and the right to
29  seek losses in excess of the windstorm coverage.
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    5:38 PM   05/02/05                             s1488c2b-31-t01