Florida Senate - 2020                          SENATOR AMENDMENT
       Bill No. CS for SB 1492
       
       
       
       
       
       
                                Ì958516=Î958516                         
       
                              LEGISLATIVE ACTION                        
                    Senate             .             House              
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                 Floor: WD/2R          .                                
             03/06/2020 03:53 PM       .                                
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       Senator Wright moved the following:
       
    1         Senate Amendment (with title amendment)
    2  
    3         Before line 119
    4  insert:
    5         Section 1. Paragraph (d) of subsection (3) of section
    6  319.30, Florida Statutes, is amended to read:
    7         319.30 Definitions; dismantling, destruction, change of
    8  identity of motor vehicle or mobile home; salvage.—
    9         (3)
   10         (d) An electronic signature that is consistent with chapter
   11  668 satisfies any signature required under this subsection,
   12  except that an electronic signature on an odometer disclosure
   13  submitted through an insurance company must be executed using an
   14  electronic signature, as defined in s. 668.003(4), that uses a
   15  system providing an Identity Assurance Level, Authenticator
   16  Assurance Level, and Federation Assurance Level, as described in
   17  the National Institute of Standards and Technology Special
   18  Publication 800-63-3, as of December 1, 2017, that are
   19  equivalent to or greater than:
   20         1. Level 2, for each level, for a certificate of
   21  destruction or.
   22         2. Level 3, for each level, for a salvage certificate of
   23  title.
   24         Section 2. Section 626.856, Florida Statutes, is amended to
   25  read:
   26         626.856 “Company employee adjuster” defined.—A “company
   27  employee adjuster” means a person licensed as an all-lines
   28  adjuster who is appointed and employed on an insurer’s staff of
   29  adjusters, or an affiliate or a wholly owned subsidiary of the
   30  insurer, and who undertakes on behalf of such insurer or other
   31  insurers under common control or ownership to ascertain and
   32  determine the amount of any claim, loss, or damage payable under
   33  a contract of insurance, or undertakes to effect settlement of
   34  such claim, loss, or damage.
   35         Section 3. Notwithstanding the expiration of subsection (4)
   36  of section 627.715, Florida Statutes, which occurred on July 1,
   37  2019, that subsection is revived, reenacted, and amended to
   38  read:
   39         627.715 Flood insurance.—An authorized insurer may issue an
   40  insurance policy, contract, or endorsement providing personal
   41  lines residential coverage for the peril of flood or excess
   42  coverage for the peril of flood on any structure or the contents
   43  of personal property contained therein, subject to this section.
   44  This section does not apply to commercial lines residential or
   45  commercial lines nonresidential coverage for the peril of flood.
   46  An insurer may issue flood insurance policies, contracts,
   47  endorsements, or excess coverage on a standard, preferred,
   48  customized, flexible, or supplemental basis.
   49         (4) A surplus lines agent may export a contract or
   50  endorsement providing flood coverage to an eligible surplus
   51  lines insurer without making a diligent effort to seek such
   52  coverage from three or more authorized insurers under s.
   53  626.916(1)(a). This subsection expires July 1, 2024 2019, or on
   54  the date on which the Commissioner of Insurance Regulation
   55  determines in writing that there is an adequate admitted market
   56  to provide coverage for the peril of flood consistent with this
   57  section, whichever date occurs first. If there are fewer than
   58  three admitted insurers on the date this subsection expires, the
   59  number of declinations necessary to meet the diligent-effort
   60  requirement shall be no fewer than the number of authorized
   61  insurers providing flood coverage.
   62  
   63  ================= T I T L E  A M E N D M E N T ================
   64  And the title is amended as follows:
   65         Between lines 2 and 3
   66  insert:
   67         319.30, F.S.; revising a certain electronic signature
   68         requirement for a motor vehicle salvage certificate of
   69         title; amending s. 626.856, F.S.; revising the
   70         definition of the term “company employee adjuster”;
   71         reviving, reenacting, and amending s. 627.715(4),
   72         F.S.; providing an exemption from a diligent effort
   73         requirement for surplus lines agents exporting
   74         contracts or endorsements providing flood coverage;
   75         providing for expiration; amending s.