Terms Used In Florida Regulations > Chapter 61H1-29 - Licensure by Endorsement

• 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
• Complaint: A written statement by the plaintiff stating the wrongs allegedly committed by the defendant.
• Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
• Department: Florida Department of Financial Services. See Florida Regulations 69J-8.002
• Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
• 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.
• Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
• 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
• Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.
• Statute: A law passed by a legislature.
• Testimony: Evidence presented orally by witnesses during trials or before grand juries.