Florida Senate - 2009                        COMMITTEE AMENDMENT
       Bill No. SB 742
       
       
       
       
       
       
                                Barcode 280888                          
       
                              LEGISLATIVE ACTION                        
                    Senate             .             House              
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       The Committee on Banking and Insurance (Fasano) recommended the
       following:
       
    1         Senate Amendment (with title amendment)
    2  
    3         Delete everything after the enacting clause
    4  and insert:
    5  
    6         Section 1. Section 627.7063, Florida Statutes, is created
    7  to read:
    8         627.7063 Building code effectiveness grading schedule.—
    9         (1) As used in this section, the term “sinkhole loss
   10  prevention ordinance” means a county ordinance that amends the
   11  Florida Building Code and that is intended to reduce the number
   12  of sinkhole claims and the severity of sinkhole losses.
   13         (2) The commission shall adopt a building code
   14  effectiveness grading schedule by rule. The grading schedule
   15  shall evaluate the effectiveness of each sinkhole loss
   16  prevention ordinance in reducing the number of sinkhole claims
   17  and severity of sinkhole losses. Each ordinance shall be
   18  evaluated 4 years after the ordinance takes effect. The grading
   19  schedule shall be based on the effectiveness of code enforcement
   20  in each county and scientific, modeling, and engineering
   21  methodologies. The rules shall further mandate insurance premium
   22  discounts or surcharges on personal residential property
   23  insurance based on a property’s compliance with an ordinance and
   24  the grade assigned to the applicable sinkhole loss prevention
   25  ordinance.
   26         Section 2. This act shall take effect January 1, 2010.
   27  
   28  ================= T I T L E  A M E N D M E N T ================
   29         And the title is amended as follows:
   30         Delete everything before the enacting clause
   31  and insert:
   32  
   33                        A bill to be entitled                      
   34         An act relating to sinkhole losses; creating s.
   35         627.7063, F.S.; defining the term “sinkhole loss
   36         prevention ordinance”; requiring the Financial
   37         Services Commission to adopt a building code
   38         effectiveness grading schedule by rule to evaluate the
   39         effectiveness of sinkhole loss prevention ordinances
   40         in reducing the number of sinkhole claims and the
   41         severity of sinkhole losses; requiring insurance
   42         discounts and surcharges based on the grade assigned
   43         to a sinkhole loss prevention ordinance; providing an
   44         effective date.