August 09, 2020
Print This PagePrint This Page

Bill #:
Chamber: View Search Tips
Search Term:
Year: View Search Tips
Search Term:
Select Year:
The Florida Statutes

The 2004 Florida Statutes

Chapter 265
View Entire Chapter
Section 265.54, Florida Statutes 2004

265.54  Estimated values; limits of indemnity.--

(1)  Upon receipt of an application meeting the requirements of s. 265.53(1)-(3), the Department of State, through a committee of experts designated by the Division of Cultural Affairs, shall review the validity of the application, including the accuracy of the value of the items for which coverage by an indemnity agreement is sought. The department may have the items appraised by an independent appraiser, with the cost charged to the applicant. If the committee agrees with such estimated value, for the purposes of ss. 265.51-265.56, the department shall, after approval of the application as provided in s. 265.53(4), make an indemnity agreement.

(2)  Covered indemnity claims shall be limited to $1 million for any one exhibition. Aggregate claims for loss or damage covered by indemnity agreements under ss. 265.51-265.56 shall not exceed $3 million.

(3)  Coverage under ss. 265.51-265.56 shall extend only to loss or damage in excess of the first $25,000 of loss or damage resulting from a single exhibition.

History.--s. 1, ch. 81-231.

Site Map
Session:   Bills ·   Calendars ·   Bound Journals ·   Citator ·   Search ·   Appropriations ·   Redistricting ·   Bill Information Reports
Committee Publications
Historical Information
Statutes:   Introduction ·   View Statutes ·   Search Statutes
Disclaimer: The information on this system is unverified. The journals or printed bills of the respective chambers should be consulted for official purposes.    Copyright © 2000-2020 State of Florida.     Privacy Statement     Contact Us     Get Acrobat Reader