CODING: Words stricken are deletions; words underlined are additions.
House Bill 1311c1




    Florida House of Representatives - 1998             CS/HB 1311

        By the Committee on Financial Services and Representatives
    Ball and Cosgrove





  1                      A bill to be entitled

  2         An act relating to Florida Life and Health

  3         Guaranty Association assessments; amending s.

  4         631.718, F.S.; revising a provision providing a

  5         preferential rate of assessment for insurance

  6         companies that issue certain annuity contracts;

  7         providing an effective date.

  8

  9  Be It Enacted by the Legislature of the State of Florida:

10

11         Section 1.  Subsection (9) of section 631.718, Florida

12  Statutes, is amended to read:

13         631.718  Assessments.--

14         (9)  Notwithstanding any provision to the contrary, no

15  member insurer that is a nonprofit insurance company which

16  issues annuity contracts or group annuity contracts pursuant

17  to s. 121.35, or for the benefit of employees of educational

18  institutions situated in this state may be assessed in any one

19  calendar year an amount greater than the amount which it paid

20  to this state in the previous year as premium tax and

21  corporate tax on the business to which this part applies or

22  0.1 percent of written premium on such business in this state,

23  whichever is greater.

24         Section 2.  This act shall take effect October 1 of the

25  year in which enacted.

26

27

28

29

30

31

                                  1