Florida Senate - 2007                      COMMITTEE AMENDMENT
    Bill No. SB 1742
                        Barcode 562074
                            CHAMBER ACTION
              Senate                               House
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 1           Comm: RCS             .                    
       04/16/2007 04:28 PM         .                    
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11  The Committee on Banking and Insurance (Storms) recommended
12  the following amendment:
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14         Senate Amendment (with title amendment) 
15         On page 1, line 13,
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17  insert:  
18         Section 1.  Paragraph (e) is added to subsection (1) of
19  section 626.916, Florida Statutes, to read:
20         626.916  Eligibility for export.--
21         (1)  No insurance coverage shall be eligible for export
22  unless it meets all of the following conditions:
23         (e)  For personal residential property risks, the
24  retail or producing agent must advise the insured in writing
25  that coverage may be available and may be less expensive from
26  Citizens Property Insurance Corporation. The notice must
27  include other information that states that Citizens'
28  assessments are higher and the coverage provided by Citizens
29  may be less than the property's existing coverage. If the
30  notice is signed by the insured, it is presumed that the
31  insured has been informed and knows that policies from
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    1:56 PM   04/03/07                             s1742c-bi10-r3f


    Florida Senate - 2007                      COMMITTEE AMENDMENT
    Bill No. SB 1742
                        Barcode 562074
 1  Citizens Property Insurance Corporation may be less expensive,
 2  may provide less coverage, and will be accompanied by higher
 3  assessments.
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 5  (Redesignate subsequent sections.)
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 8  ================ T I T L E   A M E N D M E N T ===============
 9  And the title is amended as follows:
10         On page 1, line 2, after the semicolon,
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12  insert:
13         amending s. 626.916, F.S.; providing
14         requirements for insurance coverage eligible
15         for export for residential property risks;
16         requiring that the insured be notified that
17         coverage may be available from Citizens
18         Property Insurance Corporation;
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    1:56 PM   04/03/07                             s1742c-bi10-r3f