| 1 | Representative(s) Farkas offered the following: |
| 2 |
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| 3 | Amendment to Amendment (074037) (with title amendment) |
| 4 | Between lines 4521-4522 insert: |
| 5 | (3) Each insurer that recoups an assessment from its |
| 6 | policyholders as allowed by law shall include on the premium |
| 7 | notice sent to policyholders, in 12-point type, the following |
| 8 | statement, with the appropriate dollar amounts shown: |
| 9 | "THE $ SURCHARGE IN YOUR PREMIUM FOR THE ASSESSMENT BY |
| 10 | CITIZENS PROPERTY INSURANCE CORPORATION HAS BEEN REDUCED BY |
| 11 | $____DUE TO AN APPROPRIATION BY THE FLORIDA LEGISLATURE." |
| 12 | (4) A violation of this section by an insurer is a |
| 13 | violation of the Insurance Code and the insurer is subject to |
| 14 | the penalties provided in ss. 624.418 and 624.4211, Florida |
| 15 | Statutes. |
| 16 |
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| 17 | ======== T I T L E A M E N D M E N T ======== |
| 18 | Between lines 4799-4800 insert: |
| 19 | requiring insurers who recoup assessments to notify |
| 20 | policyholders of the amount by which the surcharge has |
| 21 | been reduced; providing penalties for a violation; |