Florida Senate - 2005                        SENATOR AMENDMENT
    Bill No. CS for CS for SB 1488
                        Barcode 442314
                            CHAMBER ACTION
              Senate                               House
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       05/05/2005 08:27 PM         .                    
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11  Senator Garcia moved the following amendment:
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13         Senate Amendment (with title amendment) 
14         On page 64, lines 19 through 29, delete those lines
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16  and insert:  mitigation.--Using a form prescribed by the
17  Office of Insurance Regulation, the insurer shall clearly
18  notify the applicant or policyholder of any personal lines
19  residential property insurance policy, at the time of the
20  issuance of the policy and at each renewal, of the
21  availability and the range of each premium discount, credit,
22  other rate differential, or reduction in deductibles for
23  properties on which fixtures or construction techniques
24  demonstrated to reduce the amount of loss in a windstorm can
25  or have been installed or implemented. The prescribed form
26  shall describe generally what actions the policyholders may be
27  able to take to reduce their windstorm premium. The prescribed
28  form and a list of such ranges approved by the office for each
29  insurer licensed in the state and providing such discounts,
30  credits, other rate differentials, or reductions in
31  deductibles for properties described in this subsection shall
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    11:24 AM   05/02/05                            s1488c2c-40-t04


    Florida Senate - 2005                        SENATOR AMENDMENT
    Bill No. CS for CS for SB 1488
                        Barcode 442314
 1  be available for electronic viewing and download from the
 2  Department of Financial Services' or the Office of Insurance
 3  Regulation's Internet website. The Financial Services
 4  Commission may adopt rules to implement this subsection.
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 7  ================ T I T L E   A M E N D M E N T ===============
 8  And the title is amended as follows:
 9         On page 5, lines 2 through 7, delete those lines
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11  and insert:
12         requiring insurers to notify applicants or
13         policyholders of the availability and amounts
14         of certain discounts, credits, rate
15         differentials, or reductions in deductibles for
16         properties on which certain fixtures have been
17         installed or construction techniques have been
18         implemented; requiring insurers to provide
19         qualifying information; authorizing the
20         Financial Services Commission to adopt rules;
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