Florida Senate - 2011                        COMMITTEE AMENDMENT
       Bill No. SB 408
       
       
       
       
       
       
                                Barcode 743056                          
       
                              LEGISLATIVE ACTION                        
                    Senate             .             House              
                 Comm: UNFAV           .                                
                  02/22/2011           .                                
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       The Committee on Banking and Insurance (Fasano) recommended the
       following:
       
    1         Senate Amendment (with title amendment)
    2  
    3         Delete lines 2650 - 2655
    4  and insert:
    5         (1) Every insurer authorized to transact property
    6  insurance, as described in s. 627.4025, in this state must shall
    7  provide coverage for a catastrophic ground cover collapse. The
    8  insurer may restrict such coverage to the principal building and
    9  other covered structures, as defined in the applicable policy,
   10  but must and shall make available, for an appropriate
   11  
   12         Delete lines 2746 - 2748
   13  and insert:
   14  YOUR POLICY DOES NOT PROVIDE COVERAGE FOR SINKHOLE LOSSES. YOU
   15  MAY PURCHASE ADDITIONAL COVERAGE FOR SINKHOLE LOSSES FOR AN
   16  ADDITIONAL PREMIUM.”
   17  
   18  ================= T I T L E  A M E N D M E N T ================
   19         And the title is amended as follows:
   20         Delete lines 156 - 157
   21  and insert:
   22         building; allowing the deductible to include costs