Florida Senate - 2008 SENATOR AMENDMENT
Bill No. CS for CS for SB's 2860 & 1196
121376
Senate
Floor: 8/RS/2R
4/10/2008 11:08 AM
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House
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Senator Posey moved the following amendment:
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Senate Amendment (with title amendment)
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Between lines 2833 and 2834,
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insert:
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Section 14. Effective January 1, 2009, section 627.714,
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Florida Statutes, is created to read:
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627.714 Guaranteed renewability for mitigated homes.--A
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personal lines residential insurance policy shall be guaranteed
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renewable for at least 3 years if the dwelling has been built or
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retrofitted to meet the wind-borne-debris protection requirements
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of the Florida Building Code which apply to the wind-borne-debris
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region as defined in the Florida Building Code. The requirements
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of this section apply to:
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(1) New policies issued on or after January 1, 2009, or the
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first renewal of a policy on or after January 1, 2009, but do not
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apply to subsequent renewals of such policies, except as provided
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in subsection (2).
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(2) Policies renewed on or after October 1, 2008, for a
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dwelling retrofitted after issuance of the policy to meet such
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requirements of the Florida Building Code, in which case the
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policy shall be guaranteed renewable for 3 years beginning with
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the effective date of renewal after the retrofitting was
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completed.
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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 194, after the second semicolon,
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insert:
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creating s. 627.714, F.S.; requiring that personal lines
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residential policies be guaranteed renewable for a
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specified period if the dwelling meets certain wind-borne-
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debris protection requirements; providing for
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applicability;
4/9/2008 3:53:00 PM 24-07082A-08
CODING: Words stricken are deletions; words underlined are additions.