Florida Senate - 2015 COMMITTEE AMENDMENT Bill No. SB 1094 Ì748102sÎ748102 LEGISLATIVE ACTION Senate . House Comm: RCS . 03/10/2015 . . . . ————————————————————————————————————————————————————————————————— ————————————————————————————————————————————————————————————————— The Committee on Banking and Insurance (Lee) recommended the following: 1 Senate Amendment (with title amendment) 2 3 Delete lines 245 - 256 4 and insert: 5 (11)(a) An authorized insurer offering flood insurance may 6 request the office to certify that a policy, contract, or 7 endorsement provides coverage for the peril of flood which 8 equals or exceeds the flood coverage offered by the National 9 Flood Insurance Program. To be eligible for certification, such 10 policy, contract, or endorsement must contain a provision 11 stating that it meets the private flood insurance requirements 12 specified in 42 U.S.C. s. 4012a(b) and may not contain any 13 provision that is not in compliance with 42 U.S.C. s. 4012a(b). 14 (b) The authorized insurer or its agent may reference or 15 include a certification under paragraph (a) in advertising or 16 communications with an agent, a lending institution, an insured, 17 or a potential insured only for a policy, contract, or 18 endorsement that is certified under this subsection. The 19 authorized insurer may include a statement that notifies an 20 insured of the certification on the declarations page or other 21 policy documentation related to flood coverage certified under 22 this subsection. 23 (c) An insurer or agent who knowingly misrepresents that a 24 flood policy, contract, or endorsement is certified under this 25 subsection commits an unfair or deceptive act under s. 626.9541. 26 27 ================= T I T L E A M E N D M E N T ================ 28 And the title is amended as follows: 29 Delete lines 40 - 42 30 and insert: 31 Program; specifying requirements for such 32 certification; authorizing such insurer or its agent 33 to reference or include the certification in specified 34 advertising, communications, and documentation; 35 providing that misrepresenting that a flood policy, 36 contract, or endorsement is certified is an unfair or 37 deceptive act;