Florida Senate - 2008 COMMITTEE AMENDMENT
Bill No. CS for SB's 2086 & 2498
837736
Senate
Comm: FAV
4/8/2008
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House
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The Committee on Banking and Insurance (Bennett) recommended the
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following amendment:
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Senate Amendment
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Delete line(s) 250-258
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and insert:
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Regulation. The review and approval shall include approval of
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the policy and related forms pursuant to ss. 627.410 and 627.411,
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a determination that the loss model approved by the Commission
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was accurately and appropriately applied to the insured
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structures to determine the 250-year probable maximum loss, and a
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determination that complete and accurate disclosure of all
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material provisions is provided to condominium unit owners prior
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to execution of the agreement by a condominium association. The
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Office of Insurance Regulation must approve or disapprove the
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insurance program within 90 days, except for approval of the
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policy and related forms which are subject to the procedures
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specified in s. 627.410.
4/8/2008 11:02:00 AM BI.BI.06929
CODING: Words stricken are deletions; words underlined are additions.