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.
Rulemaking Authority 627.7074 FS. Law Implemented 627.7074 FS. History–New 11-4-07, Amended 12-26-13, Technical Change 3-10-26.