Florida Senate - 2007                        SENATOR AMENDMENT
    Bill No. CS for CS for SB 2836, 1st Eng.
                        Barcode 654022
                            CHAMBER ACTION
              Senate                               House
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       04/27/2007 04:35 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 32, lines 7 through 29,/ delete those lines
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16  and insert:  
17         Section 14.  It is the intent of the Legislature that
18  scientifically valid and actuarially sound windstorm
19  mitigation rate factors, premium discounts, and differentials
20  be provided to residential and commercial property insurance
21  policyholders. In order to ensure the validity of such
22  factors, the Office of Insurance Regulation, in consultation
23  with the Department of Community Affairs and the Florida
24  Building Commission, shall conduct or cause to be conducted
25  one or more wind-loss mitigation studies, subject to
26  appropriation of funds by the Legislature for this purpose.
27  The studies shall evaluate the windstorm loss relativities for
28  construction features, including, but not limited to, those
29  that enhance roof strength, roof-covering performance,
30  roof-to-wall strength, wall-to-floor-to-foundation strength,
31  opening protections, and window, door, and skylight strength.
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    7:25 PM   04/26/07                             s2836e1c-24-t6u


    Florida Senate - 2007                        SENATOR AMENDMENT
    Bill No. CS for CS for SB 2836, 1st Eng.
                        Barcode 654022
 1  The studies shall include residential property, including
 2  single-family and multifamily homes, mobile homes, and
 3  condominiums, and commercial nonresidential property. The
 4  studies shall include, but need not be limited to, an analysis
 5  of loss data from the 2004 and 2005 hurricanes. The findings
 6  of the studies shall be reported to the Governor, the
 7  President of the Senate, the Speaker of the House of
 8  Representatives, the Chief Financial Officer, and the
 9  Commissioner of Insurance Regulation by January 1, 2008, with
10  regard to residential property, and by March 1, 2008, with
11  regard to commercial nonresidential property.
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14  ================ T I T L E   A M E N D M E N T ===============
15  And the title is amended as follows:
16         On page 3, lines 11-17, delete those lines
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18  and insert:
19         appropriations, requiring the Office of
20         Insurance Regulation, in consultation with the
21         Department of Community Affairs and the Florida
22         Building Commission, to conduct wind-loss
23         mitigation studies; providing requirements for
24         the studies; requiring a report to the
25         Governor, the Legislature, the Chief Financial
26         Officer, and the Commissioner of Insurance
27         Regulation; authorizing the commission to adopt
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    7:25 PM   04/26/07                             s2836e1c-24-t6u