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The Committee on Banking and Insurance (Deutch) recommended the

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following amendment to amendment (738588):

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     Senate Amendment (with title amendment)

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     Delete line(s) 731-737

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and insert:

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     (3) Within 60 days after being appointed, each appraiser

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shall appraise the loss and submit a written report to the other

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appraiser, separately stating the cost of the loss, the actual

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cash value, or the cost to repair or replace each item. Within

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30 days after submitting the reports, the appraisers shall

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attempt to resolve any differences in the appraisals and reach a

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mutual agreement on all matters. If the appraisers are unable to

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agree, they shall, within 5 days, submit the differences in

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their findings in writing to the umpire. However, the appraisers

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have an additional 60 days after appointment to appraise the

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loss and submit a written report if the loss is covered under a

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commercial property insurance policy and the insured structure

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is 10,000 square feet or more, or is covered under a commercial

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residential or residential insurance policy and the claim is

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based on and made subsequent to a hurricane designated by the

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National Hurricane Center or a declared emergency by the

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Governor.

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================ T I T L E  A M E N D M E N T ================

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And the title is amended as follows:

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     On line(s) 855, after the word "themselves"

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insert:

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within a specified period

3/10/2008  12:25:00 PM     597-04620A-08