1. (1) Losses are to be settled on an actual cash value (ACV) basis of the damaged property that has been replaced with property of like kind and quality; or pay the cost of repairing; whichever is less. Actual cash value for the building and contents is defined as replacement cost less depreciation.
2. (2) Lightning losses will require submission of Form Dfs-d0-855, Statement – Lightning Losses, (Effective 09/2022), which is hereby incorporated by reference in addition to the standard documentation for a claim. A copy of the form is available at https://myfloridacfo.com/Division/Risk/ or HYPERLINK "http://www.flrules.org/Gateway/reference.asp?No=Ref-15374" http://www.flrules.org/Gateway/reference.asp?No=Ref-15374.
3. (3) When final settlement of a claim is agreed to, the claims coordinator will sign and return Form Dfs-d0-856, Certificate of Proof of Loss, (Effective 09/2022), which is hereby incorporated by reference, to the Division of Risk Management. A copy of the form is available at https://myfloridacfo.com/Division/Risk or HYPERLINK "http://www.flrules.org/Gateway/reference.asp?No=Ref-15375" http://www.flrules.org/Gateway/reference.asp?No=Ref-15375.

Rulemaking Authority 284.17, 284.39 FS. Law Implemented 284.01, 284.30 FS. History–New 7-29-72, Formerly 4-29.08, Amended 5-9-91, Formerly 4-29.008, Amended 1-7-92, 12-27-95, 6-21-01, Formerly 4H-1.007, Amended 7-18-23, Technical Change 3-9-26.