Florida Senate - 2007                        SENATOR AMENDMENT
    Bill No. CS for SB 1866
                        Barcode 082290
                            CHAMBER ACTION
              Senate                               House
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 3         Floor: 14/AD/2R         .                    
       05/02/2007 12:51 PM         .                    
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11  Senators Atwater and Deutch moved the following amendment:
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13         Senate Amendment 
14         On page 70, line 30, through page 71, line 6, delete
15  those lines
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17  and insert:  reasonably prevent such payment. Any payment of a
18  claim or portion of a claim paid 90 days after the insurer
19  receives notice of the claim, or paid more than 15 days after
20  there are no longer factors beyond the control of the insurer
21  which reasonably prevented such payment, whichever is later,
22  shall bear interest at the rate set forth in s. 55.03.
23  Interest begins to accrue from the date the insurer receives
24  notice of the claim. The provisions of this subsection may not
25  be waived, voided, or nullified by the terms of the insurance
26  policy. If there is a right to prejudgment interest, the
27  insured shall select whether to receive prejudgment interest
28  or interest under this subsection. Interest is payable when
29  the claim or portion of the claim is paid. Failure to comply
30  with this subsection
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    4:38 PM   04/30/07                             s1866c1b-25-k0a