1

Senator Posey moved the following substitute for amendment

2

(121376):

3

4

     Senate Amendment (with title amendment)

5

     Between line(s) 2833 and 2834,

6

insert:

7

     Section 14.  Effective January 1, 2009, and applicable to

8

policies issued or renewed on or after that date, section

9

627.714, Florida Statutes, is created to read:

10

     627.714 Guaranteed renewability for mitigated homes.--A

11

personal lines residential insurance policy shall be guaranteed

12

renewable for at least 3 years if the dwelling has been built or

13

retrofitted to meet the wind-borne-debris protection requirements

14

of the Florida Building Code which apply to the wind-borne debris

15

region as defined in the Florida Building Code. This requirement

16

applies only for one 3-year period after the policy is issued or

17

first renewed after the dwelling has been built or retrofitted to

18

meet the wind-borne-debris protection requirements.

19

20

21

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

22

And the title is amended as follows:

23

     On line(s) 194, after the second semicolon,

24

insert:

25

creating s. 627.714, F.S.; requiring that personal lines

26

residential policies be guaranteed renewable for a

27

specified period if the dwelling meets certain

28

requirements for wind-borne debris protection;

4/10/2008  8:20:00 AM     24-07263-08