Florida Senate - 2007 SENATOR AMENDMENT
Bill No. CS for SB 1866
Barcode 604070
CHAMBER ACTION
Senate House
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3 Floor: 9/AD/2R .
05/02/2007 12:49 PM .
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11 Senator Posey moved the following amendment:
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13 Senate Amendment (with title amendment)
14 On page 71, line 18, through
15 page 72, line 4, delete those lines
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17 and insert:
18 (2) A property An insurer that is subject to
19 subsection (1) must make available, at the option of the
20 policyholder, an exclusion of hurricane coverage or windstorm
21 coverage as provided within the applicable policy. The
22 coverage may be excluded only if:
23 (a)1. When the policyholder is a natural person, the
24 policyholder personally writes and provides to the insurer the
25 following statement in his or her own handwriting and signs
26 his or her name, which must also be signed by every other
27 named insured on the policy, and dated: "I do not want the
28 insurance on my (home/mobile home/condominium unit) to pay for
29 damage from windstorms or hurricanes. I will pay those costs.
30 My insurance will not."
31 2. When the policyholder is other than a natural
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Florida Senate - 2007 SENATOR AMENDMENT
Bill No. CS for SB 1866
Barcode 604070
1 person, the policyholder provides to the insurer on the
2 policyholder's letterhead the following statement that must be
3 signed by the policyholder's authorized representative and
4 dated: "(Name of entity) does not want the insurance on its
5 (type of structure) to pay for damage from windstorms or
6 hurricanes. (Name of entity) will be responsible for these
7 costs. (Name of entity's) insurance will not."
8 (b) If the structure insured by the policy is subject
9 to a mortgage or lien, the policyholder must provide the
10 insurer with a written statement from the mortgageholder or
11 lienholder indicating that the mortgageholder or lienholder
12 approves the policyholder electing to exclude windstorm
13 coverage or hurricane coverage from his or her or its
14 residential property insurance policy.
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17 ================ T I T L E A M E N D M E N T ===============
18 And the title is amended as follows:
19 On page 4, lines 9-11, delete those lines
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21 and insert:
22 exceptions; specifying that property insurers
23 must make available an exclusion of windstorm
24 or hurricane coverage; specifying separate
25 coverage exclusion statements for policyholders
26 that are natural persons and other than natural
27 persons;
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