Florida Senate - 2009                        COMMITTEE AMENDMENT
       Bill No. PCS (690668) for SB 1950
       
       
       
       
       
       
                                Barcode 612408                          
       
                              LEGISLATIVE ACTION                        
                    Senate             .             House              
                   Comm: WD            .                                
                  04/06/2009           .                                
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       The Committee on Banking and Insurance (Fasano) recommended the
       following:
       
    1         Senate Amendment (with title amendment)
    2  
    3         Delete lines 1128 - 1136
    4  and insert:
    5  remain in effect for the 2007, and 2008, and 2009 calendar years
    6  except for any rate change that results in a lower rate. The
    7  next rate change that may increase rates shall take effect
    8  pursuant to a new rate filing recommended by the corporation and
    9  established by the office, subject to the requirements of this
   10  paragraph.
   11         5. Beginning on July 15, 2010 2009, and each year
   12  thereafter, the corporation must make a recommended actuarially
   13  sound rate filing for each personal and commercial line of
   14  business it writes, to be effective no earlier than January 1,
   15  2011 2010.
   16  
   17  ================= T I T L E  A M E N D M E N T ================
   18         And the title is amended as follows:
   19         Delete line 59
   20  and insert:
   21  purchaser of the property; extending the rate freeze imposed
   22  upon Citizens Property Insurance Corporation by 1 year;
   23  requiring Citizen’s