Section 265.55, Florida Statutes 2003
(1) The Division of Risk Management of the Department of Financial Services may prescribe rules providing for prompt adjustment of valid claims for losses which are covered by an indemnity agreement made pursuant to the provisions of ss. 265.51-265.56, including rules providing for the employment of consultants and for the arbitration of issues relating to the dollar value of damages involving less than total loss or destruction of such covered objects.
(2) In the case of a claim of loss with respect to an item which is covered by an agreement made pursuant to the provisions of ss. 265.51-265.56, the division shall certify the validity of the claim and authorize payment of the amount of the loss, less any deductible portion, to the indemnitee.
(3) The authorization for payment delineated in subsection (2) shall be forwarded to the Chief Financial Officer. The Chief Financial Officer shall take appropriate action to execute authorized payment of the claim from the Working Capital Fund, as defined in s. 215.32.
History.--s. 1, ch. 81-231; s. 283, ch. 2003-261.