Florida Senate - 2005                        SENATOR AMENDMENT
    Bill No. CS for CS for SB 1488
                        Barcode 452350
                            CHAMBER ACTION
              Senate                               House
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       05/05/2005 08:33 PM         .                    
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11  Senator Campbell moved the following amendment:
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13         Senate Amendment (with title amendment) 
14         On page 57, lines 23-29, delete those lines
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16  and insert:  
17         (b)  This subsection is intended to ensure prompt
18  payment of windstorm policy benefits due for a total loss
19  without allowing an insured to receive a double recovery. If a
20  windstorm incident occurs and the damages are a partial result
21  of wind and a partial result of flood, the windstorm carrier
22  shall pay the full policy limits, less any deductible, except
23  as provided in this paragraph. If a windstorm carrier has
24  required the insured to carry flood insurance as a condition
25  of coverage, the carrier may set off from the payment of its
26  policy limits any amount timely paid by the flood carrier. The
27  windstorm carrier has a right of indemnity from the flood
28  carrier, in an amount in excess of the insured's deductible,
29  up to the flood carrier's policy limits if the flood carrier
30  does not timely pay its share of the loss and the windstorm
31  carrier timely pays its full coverage to the insured.
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    8:25 PM   05/04/05                             s1488c2c-32-k8j


    Florida Senate - 2005                        SENATOR AMENDMENT
    Bill No. CS for CS for SB 1488
                        Barcode 452350
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 2  (Redesignate subsequent sections.)
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 5  ================ T I T L E   A M E N D M E N T ===============
 6  And the title is amended as follows:
 7         On page 4, lines 8 and 9, delete those lines
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 9  and insert:
10         prompt payment of windstorm policy benefits for
11         certain property insurance losses that result
12         from wind and flooding;
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    8:25 PM   05/04/05                             s1488c2c-32-k8j