Florida Senate - 2011                        COMMITTEE AMENDMENT
       Bill No. CS for CS for SB 408
                                Barcode 912484                          
                              LEGISLATIVE ACTION                        
                    Senate             .             House              

       The Committee on Budget (Fasano) recommended the following:
    1         Senate Amendment (with title amendment)
    3         Delete lines 1266 - 1310
    4  and insert:
    5         (1)(a) It is the intent of the Legislature that insurers
    6  must provide savings to consumers who install or implement
    7  windstorm damage mitigation techniques, alterations, or
    8  solutions to their properties to prevent windstorm losses. A
    9  rate filing for residential property insurance must include
   10  actuarially reasonable discounts, credits, or other rate
   11  differentials, or appropriate reductions in deductibles, for
   12  properties on which fixtures or construction techniques
   13  demonstrated to reduce the amount of loss in a windstorm have
   14  been installed or implemented. The fixtures or construction
   15  techniques must shall include, but are not not be limited to,
   16  fixtures or construction techniques that which enhance roof
   17  strength, roof covering performance, roof-to-wall strength,
   18  wall-to-floor-to-foundation strength, opening protection, and
   19  window, door, and skylight strength. Credits, discounts, or
   20  other rate differentials, or appropriate reductions in
   21  deductibles, for fixtures and construction techniques that which
   22  meet the minimum requirements of the Florida Building Code must
   23  be included in the rate filing. All insurance companies must
   24  make a rate filing that which includes the credits, discounts,
   25  or other rate differentials or reductions in deductibles by
   26  February 28, 2003. By July 1, 2007, the office shall reevaluate
   27  the discounts, credits, other rate differentials, and
   28  appropriate reductions in deductibles for fixtures and
   29  construction techniques that meet the minimum requirements of
   30  the Florida Building Code, based upon actual experience or any
   31  other loss relativity studies available to the office. The
   32  office shall determine the discounts, credits, other rate
   33  differentials, and appropriate reductions in deductibles that
   34  reflect the full actuarial value of such revaluation, which may
   35  be used by insurers in rate filings.
   37  ================= T I T L E  A M E N D M E N T ================
   38         And the title is amended as follows:
   39         Delete lines 92 - 101
   40  and insert:
   41         Legislature; amending s. 627.029, F.S.; deleting
   42         obsolete