| 1 | Representative Hudson offered the following: |
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| 3 | Amendment to Amendment (870297) (with title amendment) |
| 4 | Remove lines 1409-1416 and insert: |
| 5 | $500,000 $750,000 or more is not eligible for coverage by the |
| 6 | corporation unless the structure has opening protections as |
| 7 | required under the Florida Building Code for a newly constructed |
| 8 | residential structure in that area. A residential structure |
| 9 | shall be deemed to comply with the requirements of this |
| 10 | subparagraph if it has shutters or opening protections on all |
| 11 | openings and if such opening protections complied with the |
| 12 | Florida Building Code at the time they were installed. A |
| 13 | prospective purchaser of any such residential property must be |
| 14 | provided by the seller a written disclosure that contains the |
| 15 | structure's windstorm mitigation rating based on the uniform |
| 16 | home grading scale adopted under s. 215.55865. Such rating shall |
| 17 | be provided to the purchaser at or before the time the purchaser |
| 18 | executes a contract for sale and purchase. |
| 19 | 6. Effective January 1, 2011, the requirements of this |
| 20 | subparagraph apply to a personal lines residential structure |
| 21 | that is located in the wind-borne debris region. A prospective |
| 22 | purchaser of any such residential property must be provided by |
| 23 | the seller a written disclosure that contains the structure's |
| 24 | windstorm mitigation rating based on the uniform home grading |
| 25 | scale adopted under s. 215.55865. Such rating shall be provided |
| 26 | to the purchaser at or before the time the purchaser executes a |
| 27 | contract for sale and purchase. The Financial Services |
| 28 | Commission may adopt rules consistent with other state laws to |
| 29 | administer this subparagraph, including the form of the |
| 30 | disclosure and the requirements for the windstorm mitigation |
| 31 | inspection or report that is required for purposes of |
| 32 | determining the rating. |
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| 37 | ----------------------------------------------------- |
| 38 | T I T L E A M E N D M E N T |
| 39 | Remove line 3117 and insert: |
| 40 | the corporation; decreasing the value at which certain |
| 41 | structures are eligible for coverage; requiring written |
| 42 | disclosure of windstorm mitigation ratings for certain |
| 43 | structures; authorizing the Financial Services Commission to |
| 44 | adopt rules; deleting outdated provisions requiring the |