Florida Senate - 2018                        COMMITTEE AMENDMENT
       Bill No. SB 1168
       
       
       
       
       
       
                                Ì313360tÎ313360                         
       
                              LEGISLATIVE ACTION                        
                    Senate             .             House              
                  Comm: RCS            .                                
                  01/23/2018           .                                
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       The Committee on Banking and Insurance (Steube) recommended the
       following:
       
    1         Senate Amendment (with title amendment)
    2  
    3         Delete lines 186 - 194
    4  and insert:
    5  The commission may adopt rules to administer this subsection.
    6         (7) This section does not apply to:
    7         (a) An assignment, transfer, or conveyance granted to a
    8  subsequent purchaser of the property with an insurable interest
    9  in the property following a loss; or
   10         (b) A power of attorney under chapter 709 which grants to a
   11  management company, family member, guardian, or similarly
   12  situated person of an insured the authority to act on behalf of
   13  an insured as it relates to a property insurance claim.
   14         Section 5. The amendment made by this act to s. 627.422,
   15  Florida Statutes, and the creation by this act of s. 627.7152,
   16  Florida Statutes, apply to assignment agreements executed on or
   17  after July 1, 2018.
   18  
   19  ================= T I T L E  A M E N D M E N T ================
   20  And the title is amended as follows:
   21         Delete line 44
   22  and insert:
   23         authorizing the Financial Services Commission to adopt
   24         rules; providing