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Florida Administrative Code (Last Updated: April 18, 2024) |
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69. Department of Financial Services |
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69J. Division of Consumer Services |
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69J-8. Alternative Procedure For Resolution Of Disputed Sinkhole Insurance Claims |
1When used in this chapter, and Section 8627.7074, F.S., 10the following terms are defined as follows:
17(1) Affiliated: Having an ownership or employment relationship.
25(2) Applicant: A person who submits an application to become a neutral evaluator.
38(3) Department: Florida Department of Financial Services.
45(4) Family Member: A spouse, child, parent, grandparent, grandchild, aunt, uncle, or first cousin of a party.
62(5) Financial Interest: Ownership interest in or liabilities to or from a person that amounts to 5% or more of the applicant’s net worth or from which the evaluator received 5% or more of his income during the past 24 months exclusive of fees guaranteed through this program.
110(6) Party: The insurer or policyholder participating in the program.
120(7) Person: A natural person or business entity.
128(8) Program: The alternative procedure for resolution of disputed sinkhole insurance claims authorized by Section 143627.7074, F.S.
145Rulemaking 146Authority 147627.7074(18) FS. 149Law Implemented 151627.7074 FS. 153History–New 11-4-07, Amended 12-26-13.
