Florida Senate - 2005 COMMITTEE AMENDMENT
Bill No. SB 660
Barcode 155446
CHAMBER ACTION
Senate House
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11 The Committee on Judiciary (Campbell) recommended the
12 following amendment:
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14 Senate Amendment (with title amendment)
15 On page 3, line 12, after the words "account
16 beneficiary."
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18 insert:
19 (4) Moneys paid into or out of, the assets of, and the
20 income of any hurricane savings account established by an
21 insurance policyholder for residential property in this state
22 to cover an insurance deductible or other uninsured portion of
23 the risks of loss from a hurricane, rising floodwaters, or
24 other catastrophic windstorm event are not liable to
25 attachment, levy, garnishment, or legal process in this state
26 in favor of any creditor of or claimant against any account
27 participant, purchaser, owner or contributor, or account
28 beneficiary. As used in this subsection, the term "hurricane
29 savings account" means an account established by the owner of
30 residential real estate in this state who specifies that the
31 purpose of the account is to cover the amount of insurance
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Florida Senate - 2005 COMMITTEE AMENDMENT
Bill No. SB 660
Barcode 155446
1 deductibles and other uninsured portions of the risks of loss
2 from hurricanes, rising floodwaters, or other catastrophic
3 windstorm events.
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6 ================ T I T L E A M E N D M E N T ===============
7 And the title is amended as follows:
8 On page 1, line 7, delete that line
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10 and insert:
11 in Coverdell education savings accounts, or in
12 hurricane savings accounts; defining the term
13 "hurricane savings account";
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