Fla. Admin. Code R. 69J-8.002

Current through Reg. 50, No. 253; December 31, 2024

Section 69J-8.002 - Definitions

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.

Fla. Admin. Code Ann. R. 69J-8.002

Rulemaking Authority 627.7074(18) FS. Law Implemented 627.7074 FS.

New 11-4-07, Amended 12-26-13.

New 11-4-07, Amended 12-26-13.