Florida Senate - 2006 COMMITTEE AMENDMENT
Bill No. SB 286
Barcode 794958
CHAMBER ACTION
Senate House
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11 The Committee on Banking and Insurance (Fasano) recommended
12 the following amendment to amendment (165004):
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14 Senate Amendment
15 On page 9, between lines 2 and 3,
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17 insert:
18 (14) If the neutral evaluator first verifies the
19 existence of a sinkhole and, second, recommends the need for
20 and estimates costs of stabilizing the land and any covered
21 structures or buildings and other appropriate remediation or
22 structural repairs, which costs exceed the amount that the
23 insurer has offered to pay the policyholder, the insurer is
24 liable to the policyholder for up to $2,500 in attorney's fees
25 for the attorney's participation in the neutral evaluation
26 process. For purposes of this subsection, the term "offer to
27 pay" means a written offer signed by the insurer or its legal
28 representative and delivered to the policyholder within 10
29 days after the insurer receives notice that a request for
30 neutral evaluation has been made under this section.
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1:59 PM 04/06/06 s0286b-bi11-e0a
Florida Senate - 2006 COMMITTEE AMENDMENT
Bill No. SB 286
Barcode 794958
1 (Redesignate subsequent subsections.)
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