Florida Senate - 2017                        COMMITTEE AMENDMENT
       Bill No. CS for SB 420
                              LEGISLATIVE ACTION                        
                    Senate             .             House              
                  Comm: RCS            .                                
                  04/04/2017           .                                

       The Committee on Community Affairs (Brandes) recommended the
    1         Senate Amendment (with title amendment)
    3         Delete lines 157 - 183
    4  and insert:
    5  agency acceptable to the office s. 626.916(1)(a). This
    6  subsection expires July 1, 2022 2017.
    7         (5) In addition to any other applicable requirements, an
    8  insurer providing flood coverage that is not excess coverage in
    9  this state must:
   10         (a) Notify the office at least 30 days before writing flood
   11  insurance in this state; and
   12         (b) File a plan of operation and financial projections or
   13  revisions to such plan, as applicable, with the office.
   14         (6) Citizens Property Insurance Corporation may not provide
   15  insurance for the peril of flood.
   16         (7) The Florida Hurricane Catastrophe Fund may not provide
   17  reimbursement for losses proximately caused by the peril of
   18  flood, including losses that occur during a covered event as
   19  defined in s. 215.555(2)(b).
   20         (8) When procuring a private flood insurance policy from an
   21  authorized insurer or a surplus lines insurer for a property
   22  currently insured under the National Flood Insurance Program, an
   23  agent must, at the time of expiration of the current policy,
   24  provide a written notice to be signed by the applicant,
   25  informing the applicant that the National Flood Insurance
   26  Program could apply the full risk rate to the property if flood
   27  insurance is later obtained under the National Flood Insurance
   28  Program. The agent must receive the signed notice from the
   29  applicant within 21 days after expiration of the policy under
   30  the National Flood Insurance Program; otherwise, the private
   31  flood insurance policy must be canceled and the National Flood
   32  Insurance Program policy renewed. This subsection expires
   33  January 1, 2020 An agent must, upon
   35  ================= T I T L E  A M E N D M E N T ================
   36  And the title is amended as follows:
   37         Delete lines 19 - 25
   38  and insert:
   39         the insurer; extending the expiration date of the
   40         exception; revising applicability of certain
   41         notification and filing requirements; revising a
   42         provision relating to a specified notice required
   43         before the procurement of a private flood insurance
   44         policy for property currently insured under the
   45         National Flood Insurance Program; providing an
   46         expiration date for the provision; providing an