Florida Senate - 2007                        SENATOR AMENDMENT
    Bill No. CS for SB 2498
                        Barcode 302598
                            CHAMBER ACTION
              Senate                               House
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       05/01/2007 03:01 PM         .                    
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11  Senator Atwater moved the following amendment:
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13         Senate Amendment 
14         On page 21, line 20, through
15            page 22, line 16, delete those lines
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17  and insert:  
18         18.  Must provide, effective June 1, 2007, that the
19  corporation contract with each insurer providing the non-wind
20  coverage for risks insured by the corporation in the high-risk
21  account, requiring that the insurer provide claims adjusting
22  services for the wind coverage provided by the corporation for
23  such risks. An insurer is required to enter into this contract
24  as a condition of providing non-wind coverage for a risk that
25  is insured by the corporation in the high-risk account unless
26  the board finds, after a hearing, that the insurer is not
27  capable of providing adjusting services at an acceptable level
28  of quality to corporation policyholders. The terms and
29  conditions of such contracts must be substantially the same as
30  the contracts that the corporation executed with insurers
31  under the "adjust-your-own" program in 2006, except as may be
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    2:10 PM   05/01/07                             s2498c1b-25-119


    Florida Senate - 2007                        SENATOR AMENDMENT
    Bill No. CS for SB 2498
                        Barcode 302598
 1  mutually agreed to by the parties and except for such changes
 2  that the board determines are necessary to ensure that claims
 3  are adjusted appropriately. The corporation shall provide a
 4  process for neutral arbitration of any dispute between the
 5  corporation and the insurer regarding the terms of the
 6  contract. The corporation shall review and monitor the
 7  performance of insurers under these contracts.
 8         18.19.  Must limit coverage on mobile homes or
 9  manufactured homes built prior to 1994 to actual cash value of
10  the dwelling rather than replacement costs of the dwelling.
11         19.20.  May provide such limits of coverage as the
12  board determines, consistent with the requirements of this
13  subsection.
14         20.21.  May require commercial property to meet
15  specified
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    2:10 PM   05/01/07                             s2498c1b-25-119