Common use of Coverage Level Clause in Contracts

Coverage Level. For purposes of determining reimbursement (if any) due the Company under this Contract and in accordance with the Statute, the Company has the option to elect a 45% or 75% or 90% Coverage Level under this Contract. If the Company is a member of an NAIC group, all members must elect the same Coverage Level, and the individual executing this Contract on behalf of the Company, by placing his or her initials in the box under (a) below, affirms that the Company has elected the same Coverage Level as all members of its NAIC group. If the Company is an entity created pursuant to Section 627.351, Florida Statutes, the Company must elect the 90% Coverage Level. The Company shall not be permitted to change its Coverage Level during the Contract Year. The Company shall be permitted to change its Coverage Level at the beginning of a new Contract Year, but may not reduce its Coverage Level if a Covered Event required the issuance of revenue bonds, until the bonds are no longer outstanding. The Coverage Level elected by the Company for the prior Contract Year effective June 1, 2018 was as follows: «Legal_Name» - «2018_Coverage_Option» (a) NAIC Group Affirmation: Initial the following box if the Company is part of an NAIC Group:

Coverage Level. For purposes of determining reimbursement (if any) due the Company under this Contract and in accordance with the Statute, the Company has the option to elect a 45% or 75% or 90% Coverage Level under this Contract. If the Company is a member of an NAIC group, all members must elect the same Coverage Level, and the individual executing this Contract on behalf of the Company, by placing his or her initials in the box under (a) below, affirms that the Company has elected the same Coverage Level as all members of its NAIC group. If the Company is an entity created pursuant to Section 627.351, Florida Statutes, the Company must elect the 90% Coverage Level. The Company shall not be permitted to change its Coverage Level during after the Contract YearMarch 1 statutory deadline for execution of the Contract. The Company shall be permitted to change its Coverage Level at upon timely execution of the beginning of a new Contract for the next Contract Year, but may not reduce its Coverage Level if a Covered Event required the issuance of revenue bondsbonds issued under Section 215.555(6), until the bonds Florida Statutes, are no longer outstanding. The Coverage Level elected by the Company for the prior Contract Year effective June 1, 2018 2019 was as follows: «Legal_Name» - «2018_Coverage_Option2019_Coverage_Option» (a) NAIC Group Affirmation: Initial the following box if the Company is part of an NAIC Group:

Coverage Level. For purposes of determining reimbursement (if any) due the Company under this Contract and in accordance with the Statute, the Company has the option to elect a 45% or 75% or 90% Coverage Level under this Contract. If the Company is a member of an NAIC group, all members must elect the same Coverage Level, and the individual executing this Contract on behalf of the Company, by placing his or her initials in the box under (a) below, affirms that the Company has elected the same Coverage Level as all members of its NAIC group. If the Company is an entity created pursuant to Section 627.351, Florida Statutes, the Company must elect the 90% Coverage Level. The Company shall not be permitted to change its Coverage Level during after the Contract YearMarch 1 statutory deadline for execution of the Contract. The Company shall be permitted to change its Coverage Level at upon timely execution of the beginning of a new Contract for the next Contract Year, but may not reduce its Coverage Level if a Covered Event required the issuance of revenue bondsbonds issued under Section 215.555(6), until the bonds Florida Statutes, are no longer outstanding. The Coverage Level elected by the Company for the prior Contract Year effective June 1, 2018 2020 2021 was as follows: «Legal_Name» - «2018_Coverage_Option20202021_Coverage_Option» (a) NAIC Group Affirmation: Initial the following box boxIndicate if the Company is part of an NAIC Group:Group (enter Yes or No):

Coverage Level. For purposes of determining reimbursement (if any) due the Company under this Contract and in accordance with the Statute, the Company has the option to elect a 45% or 75% or 90% Coverage Level under this Contract. If the Company is a member of an NAIC group, all members must elect the same Coverage Level, and the individual executing this Contract on behalf of the Company, by placing his or her initials in the box under (a) below, affirms that the Company has elected the same Coverage Level as all members of its NAIC group. If the Company is an entity created pursuant to Section 627.351, Florida Statutes, the Company must elect the 90% Coverage Level. The Company shall not be permitted to change its Coverage Level during after the Contract YearMarch 1 statutory deadline for execution of the Contract. The Company shall be permitted to change its Coverage Level at upon timely execution of the beginning of a new Contract for the next Contract Year, but may not reduce its Coverage Level if a Covered Event required the issuance of revenue bondsbonds issued under Section 215.555(6), until the bonds Florida Statutes, are no longer outstanding. The Coverage Level elected by the Company for the prior Contract Year effective June 1, 2018 2020 was as follows: «Legal_Name» - «2018_Coverage_Option2020_Coverage_Option» (a) NAIC Group Affirmation: Initial the following box if the Company is part of an NAIC Group:

Coverage Level. For purposes of determining reimbursement (if any) due the Company under this Contract and in accordance with the Statute, the Company has the option to elect a 45% 45 percent or 75% 75 percent or 90% 90 percent Coverage Level under this Contract. If the Company is a member of an NAIC group, all members must elect the same Coverage Level, and the individual executing this Contract on behalf of the Company, by placing his or her initials in the box under (a) below, affirms that the Company has elected the same Coverage Level as all members of its NAIC group. If the Company is an entity created pursuant to Section 627.351, Florida Statutes, the Company must elect the 90% 90 percent Coverage Level. The Company shall not be permitted to change its Coverage Level during after the Contract YearMarch 1 statutory deadline for execution of the Contract. The Company shall be permitted to change its Coverage Level at upon timely execution of the beginning of a new Contract for the next Contract Year, but may not reduce its Coverage Level if a Covered Event required the issuance of revenue bondsbonds issued under Section 215.555(6), until the bonds Florida Statutes, are no longer outstanding. The Coverage Level elected by the Company for the prior Contract Year effective June 1, 2018 2024 was as follows: «Legal_Name» - «2018_Coverage_Option» (a) 2024_Coverage_Option» NAIC Group Affirmation: Initial the following box Indicate if the Company is part of an NAIC Group:Group (enter Yes or No):

Coverage Level. For purposes of determining reimbursement (if any) due the Company under this Contract and in accordance with the Statute, the Company has the option to elect a 45% or 75% or 90% Coverage Level under this Contract. If the Company is a member of an NAIC group, all members must elect the same Coverage Level, and the individual executing this Contract on behalf of the Company, by placing his or her initials in the box under (a) below, affirms that the Company has elected the same Coverage Level as all members of its NAIC group. If the Company is an entity created pursuant to Section 627.351, Florida Statutes, the Company must elect the 90% Coverage Level. The Company shall not be permitted to change its Coverage Level during after the Contract YearMarch 1 statutory deadline for execution of the Contract. The Company shall be permitted to change its Coverage Level at upon timely execution of the beginning of a new Contract for the next Contract Year, but may not reduce its Coverage Level if a Covered Event required the issuance of revenue bondsbonds issued under Section 215.555(6), until the bonds Florida Statutes, are no longer outstanding. The Coverage Level elected by the Company for the prior Contract Year effective June 1, 2018 2019 2020 was as follows: «Legal_Name» - «2018_Coverage_Option20192020_Coverage_Option» (a) NAIC Group Affirmation: Initial the following box if the Company is part of an NAIC Group:

Coverage Level. For purposes of determining reimbursement (if any) due the Company under this Contract and in accordance with the Statute, the Company has the option to elect a 45% or 75% or 90% Coverage Level under this Contract. If the Company is a member of an NAIC group, all members must elect the same Coverage Level, and the individual executing this Contract on behalf of the Company, by placing his or her initials in the box under (a) below, affirms that the Company has elected the same Coverage Level as all members of its NAIC group. If the Company is an entity created pursuant to Section 627.351, Florida Statutes, the Company must elect the 90% Coverage Level. The Company shall not be permitted to change its Coverage Level during the Contract Year. The Company shall be permitted to change its Coverage Level at the beginning of a new Contract Year, but may not reduce its Coverage Level if a Covered Event required the issuance of revenue bonds, until the bonds are no longer outstanding. The Coverage Level elected by the Company for the prior Contract Year effective June 1, 2018 was as follows: «Legal_Name» - «2018_Coverage_Option»Homeowners Choice Property and Casualty Insurance Company – 45% (a) NAIC Group Affirmation: Initial the following box if the Company is part of an NAIC Group: