When used in this chapter, and Florida Statutes § 627.7074, the following terms are defined as follows:

Terms Used In Florida Regulations 69J-8.002

    (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.