Florida Senate - 2016                        COMMITTEE AMENDMENT
       Bill No. SB 596
       
       
       
       
       
       
                                Ì4158268Î415826                         
       
                              LEGISLATIVE ACTION                        
                    Senate             .             House              
                  Comm: RCS            .                                
                  02/01/2016           .                                
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       The Committee on Banking and Insurance (Clemens) recommended the
       following:
       
    1         Senate Amendment 
    2  
    3         Delete lines 32 - 49
    4  and insert:
    5         (b) It is provided to the insured’s property insurer within
    6  3 business days after execution;
    7         (c) It contains an estimate for proposed services and
    8  materials to be provided;
    9         (d) With the exception of reimbursement for work already
   10  performed to mitigate or repair covered damage, it allows the
   11  insured to cancel the agreement, in writing, without penalty or
   12  obligation within 3 business days after the date the agreement
   13  is executed or within 3 business days after the insurer has been
   14  provided with the agreement, whichever is later. However, if the
   15  agreement is executed to perform work resulting from an event
   16  for which the Governor has declared a state of emergency and is
   17  within 1 year after such declaration, the insured has 5 business
   18  days after the date the agreement is executed to cancel the
   19  agreement without penalty; and
   20         (e) It contains the following notice in 14-point type: