| 1 | Representative Hays offered the following: |
| 2 |
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| 3 | Amendment (with title amendment) |
| 4 | Between lines 2634 and 2635, insert: |
| 5 | Section 22. In the interest of full disclosure and |
| 6 | transparency to real property insurance policy owners and since |
| 7 | most real property insurance policies sold in this state are |
| 8 | subject to assessments to make up for the funding deficiencies |
| 9 | of the Citizens Property Insurance Corporation or the Florida |
| 10 | Hurricane Catastrophe Fund, the following warning shall be |
| 11 | printed in bold type of not less than 16 points and shall be |
| 12 | displayed on the declarations page or on the renewal notice of |
| 13 | every real property insurance policy sold or issued in this |
| 14 | state that is or may be subject to assessment by the Citizens |
| 15 | Property Insurance Corporation or the Florida Hurricane |
| 16 | Catastrophe Fund: |
| 17 | |
| 18 | WARNING |
| 19 | The premium you are about to pay may NOT be the full cost |
| 20 | of this insurance policy. If a hurricane strikes Florida, |
| 21 | you may be forced to pay additional moneys to offset the |
| 22 | inability of the state-owned Citizens Property Insurance |
| 23 | Corporation or the Florida Hurricane Catastrophe Fund to |
| 24 | pay claims resulting from the losses due to the |
| 25 | hurricane. |
| 26 |
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| 27 |
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| 28 | ----------------------------------------------------- |
| 29 | T I T L E A M E N D M E N T |
| 30 | Between lines 148 and 149, insert: |
| 31 | specifying a required notice for real property insurance |
| 32 | policies issued or renewed in this state; providing notice |
| 33 | requirements; |