Florida Senate - 2014                        COMMITTEE AMENDMENT
       Bill No. CS for SB 416
       
       
       
       
       
       
                                Ì429040sÎ429040                         
       
                              LEGISLATIVE ACTION                        
                    Senate             .             House              
                  Comm: RCS            .                                
                  03/13/2014           .                                
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       recommended the following:
       
    1         Senate Amendment (with directory and title amendments)
    2  
    3         Between lines 265 and 266
    4  insert:
    5         (gg) As a component of the stabilization repair program set
    6  forth in paragraph (ff), a policy for residential property
    7  insurance issued by the corporation must include a deductible
    8  applicable to sinkhole losses which shall be offered in amounts
    9  equal to 2 percent, 5 percent, and 10 percent of the policy
   10  dwelling limits, with appropriate premium discounts offered with
   11  each deductible amount. However, for the purposes of determining
   12  eligibility pursuant sub-subparagraphs (c)5.a. and b. and s.
   13  627.3518(5), the term “comparable coverage” for sinkhole losses
   14  means a 10 percent deductible regardless of the deductible
   15  selected by a corporation policyholder.
   16  
   17  ====== D I R E C T O R Y  C L A U S E  A M E N D M E N T ======
   18  And the directory clause is amended as follows:
   19         Delete lines 31 - 32
   20  and insert:
   21  (hh) through (jj), respectively, and new paragraphs (ff) and
   22  (gg) are added to that subsection, to read:
   23  
   24  ================= T I T L E  A M E N D M E N T ================
   25  And the title is amended as follows:
   26         Delete line 19
   27  and insert:
   28  
   29