Florida Administrative Code
69 - DEPARTMENT OF FINANCIAL SERVICES
69J - Division of Consumer Services
Chapter 69J-8 - ALTERNATIVE PROCEDURE FOR RESOLUTION OF DISPUTED SINKHOLE INSURANCE CLAIMS
Section 69J-8.002 - Definitions
Current through Reg. 50, No. 187; September 24, 2024
When used in this chapter, and Section 627.7074, F.S., the following terms are defined as follows:
(1) Affiliated: Having an ownership or employment relationship.
(2) Applicant: A person who submits an application to become a neutral evaluator.
(3) Department: Florida Department of Financial Services.
(4) Family Member: A spouse, child, parent, grandparent, grandchild, aunt, uncle, or first cousin of a party.
(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.
(6) Party: The insurer or policyholder participating in the program.
(7) Person: A natural person or business entity.
(8) Program: The alternative procedure for resolution of disputed sinkhole insurance claims authorized by Section 627.7074, F.S.
Rulemaking Authority 627.7074(18) FS. Law Implemented 627.7074 FS.
New 11-4-07, Amended 12-26-13.
