Florida Senate - 2011 COMMITTEE AMENDMENT
Bill No. CS for CS for SB 408
Barcode 901222
LEGISLATIVE ACTION
Senate . House
Comm: FAV .
03/22/2011 .
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The Committee on Budget (Fasano) recommended the following:
1 Senate Amendment (with title amendment)
2
3 Delete lines 2567 - 2596
4 and insert:
5 (3) In the event of a loss for which a dwelling or personal
6 property is insured on the basis of replacement costs, the
7 insurer shall pay the replacement cost without reservation or
8 holdback of any depreciation in value, whether or not the
9 insured replaces or repairs the dwelling or property.
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11
12 ================= T I T L E A M E N D M E N T ================
13 And the title is amended as follows:
14 Delete lines 149 - 160
15 and insert:
16 less any applicable deductible;