| 1 | Representative Hudson offered the following: |
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| 3 | Amendment to Amendment (870297) (with title amendment) |
| 4 | Remove line 1416 and insert: |
| 5 | the time they were installed. The seller shall provide a |
| 6 | prospective purchaser of any such residential a written |
| 7 | disclosure that contains the structure's windstorm mitigation |
| 8 | rating, based upon the uniform home grading scale adopted |
| 9 | pursuant to s. 215.55865. Such rating shall be provided to the |
| 10 | purchaser at or before the time the purchaser executes a |
| 11 | contract for sale and purchase. Effective January 1, 2011, the |
| 12 | requirements of this subparagraph apply to a personal lines |
| 13 | residential structure that is located in the wind-borne debris |
| 14 | region and that has an insured value on the structure of |
| 15 | $500,000 or more. The seller shall provide a prospective |
| 16 | purchaser of any such residential property a written disclosure |
| 17 | that contains the structure's windstorm mitigation rating, based |
| 18 | on the uniform home grading scale adopted pursuant to s. |
| 19 | 215.55865. Such rating shall be provided to the purchaser at or |
| 20 | before the time the purchaser executes a contract for sale and |
| 21 | purchase. The Financial Services Commission may adopt rules, |
| 22 | consistent with other laws of this state, to administer this |
| 23 | subparagraph, including the form of the disclosure and the |
| 24 | requirements for the windstorm mitigation inspection or report |
| 25 | that is required for purposes of determining the rating. |
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| 31 | T I T L E A M E N D M E N T |
| 32 | Remove lines 3114 and insert: |
| 33 | eligibility for coverage by the corporation; requiring sellers |
| 34 | of certain residential property to provide perspective |
| 35 | purchasers written disclosures of certain windstorm mitigation |
| 36 | ratings for certain structures; authorizing the Financial |
| 37 | Services Commission to adopt rules; deleting |
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