Florida Senate - 2013                        COMMITTEE AMENDMENT
       Bill No. SB 1046
       
       
       
       
       
       
                                Barcode 560612                          
       
                              LEGISLATIVE ACTION                        
                    Senate             .             House              
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       The Committee on Banking and Insurance (Montford) recommended
       the following:
       
    1         Senate Amendment to Amendment (457546) (with title
    2  amendment)
    3  
    4         Delete lines 1045 - 1048
    5  and insert:
    6  1997, the insurer must, at a minimum, offer a deductible equal
    7  to $750, and a deductible equal to 1 percent of the policy
    8  dwelling limits if such amount is not less than $750, $500
    9  applicable to losses from perils other than hurricane. Beginning
   10  July 1, 2018, and every 5 years thereafter, the office shall
   11  calculate and publish an adjustment to the $750 deductible based
   12  on the average percentage change in the Consumer Price Index for
   13  All Urban Consumers, U.S. City Average, all items, compiled by
   14  the United States Department of Labor for the immediately
   15  preceding 5 calendar years. The adjustment to the $750
   16  deductible shall be rounded to the nearest $50 increment and
   17  take effect on the January 1 following the publication of the
   18  adjustment by the office. The first initial adjusted deductible
   19  shall take effect upon the renewal or issuance of policies on or
   20  after January 1, 2019. The insurer must provide the policyholder
   21  with
   22  
   23  ================= T I T L E  A M E N D M E N T ================
   24         And the title is amended as follows:
   25         Delete line 1615
   26  and insert:
   27         certain date; increasing the deductible amount for
   28         losses from perils other than hurricane; amending s.
   29         627.7015, F.S.; revising the