Florida Senate - 2007                        SENATOR AMENDMENT
    Bill No. HB 7077, 2nd Eng.
                        Barcode 573756
                            CHAMBER ACTION
              Senate                               House
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       05/02/2007 12:58 PM         .                    
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11  Senator Fasano moved the following amendment:
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13         Senate Amendment (with title amendment) 
14         Between lines 2372 and 2373,
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16  insert:  
17         Section 25.  Paragraph (e) is added to subsection (1)
18  of section 626.916, Florida Statutes, to read:
19         626.916  Eligibility for export.--
20         (1)  No insurance coverage shall be eligible for export
21  unless it meets all of the following conditions:
22         (e)  For personal residential property risks, the
23  retail or producing agent must advise the insured in writing
24  that coverage may be available and may be less expensive from
25  Citizens Property Insurance Corporation. The notice must
26  include other information that states that Citizens'
27  assessments are higher and the coverage provided by Citizens
28  may be less than the property's existing coverage. If the
29  notice is signed by the insured, it is presumed that the
30  insured has been informed and knows that policies from
31  Citizens Property Insurance Corporation may be less expensive,
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    5:07 PM   04/30/07                           h707702e2c-11-r9h

Florida Senate - 2007 SENATOR AMENDMENT Bill No. HB 7077, 2nd Eng. Barcode 573756 1 may provide less coverage, and will be accompanied by higher 2 assessments. 3 4 (Redesignate subsequent sections.) 5 6 7 ================ T I T L E A M E N D M E N T =============== 8 And the title is amended as follows: 9 On line 81, after the semicolon, 10 11 insert: 12 amending s. 626.916, F.S.; providing 13 requirements for insurance coverage eligible 14 for export for residential property risks; 15 requiring that the insured be notified that 16 coverage may be available from Citizens 17 Property Insurance Corporation; 18 19 20 21 22 23 24 25 26 27 28 29 30 31 2 5:07 PM 04/30/07 h707702e2c-11-r9h