Florida Regulations 69J-8.002: Definitions
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When used in this chapter, and Florida Statutes § 627.7074, 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 Florida Statutes § 627.7074
Rulemaking Authority Florida Statutes § 627.7074(18). Law Implemented Florida Statutes § 627.7074. History-New 11-4-07, Amended 12-26-13.
Terms Used In Florida Regulations 69J-8.002
- Affiliated: Having an ownership or employment relationship. See Florida Regulations 69J-8.002
- Applicant: A person who submits an application to become a neutral evaluator. See Florida Regulations 69J-8.002
- Department: Florida Department of Financial Services. See Florida Regulations 69J-8.002
- Family Member: A spouse, child, parent, grandparent, grandchild, aunt, uncle, or first cousin of a party. See Florida Regulations 69J-8.002
- 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. See Florida Regulations 69J-8.002
- Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
- Party: The insurer or policyholder participating in the program. See Florida Regulations 69J-8.002
- Person: A natural person or business entity. See Florida Regulations 69J-8.002
- Program: The alternative procedure for resolution of disputed sinkhole insurance claims authorized by Florida Statutes § 627. See Florida Regulations 69J-8.002
(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 Florida Statutes § 627.7074
Rulemaking Authority Florida Statutes § 627.7074(18). Law Implemented Florida Statutes § 627.7074. History-New 11-4-07, Amended 12-26-13.