SENATE AMENDMENT

    Bill No. CS for SB 874

    Amendment No.    

                            CHAMBER ACTION
              Senate                               House
                                   .
                                   .
 1                                 .
                                   .
 2                                 .
                                   .
 3                                 .
                                   .
 4                                                                

 5

 6

 7

 8

 9

10                                                                

11  Senators Forman and McKay moved the following amendment:

12

13         Senate Amendment (with title amendment) 

14         On page 36, before line 1,

15

16  insert:

17         Section 24.  The Department of Insurance shall issue a

18  request for proposals and contract with an independent

19  actuarial firm to conduct an actuarial analysis of the

20  expected reduction in liability judgments, settlements, and

21  related costs resulting from the provisions of this act. As

22  part of the report, an analysis shall include an estimate of

23  the percentage decrease by type of coverage affected by the

24  provisions of this act, including the time period when such

25  savings or reductions are expected. The report shall be

26  completed and submitted to the department by March 1, 1999.

27  Each authorized insurer issuing any of the types of coverage

28  addressed in the analysis shall make a rate filing after March

29  1, 1999, but not later than October 1, 1999, that includes the

30  premium rate reduction percentages contained in the actuarial

31  analysis. The effective date of such premium reductions shall

                                  1
    12:23 PM   04/08/98                             s0874c1c-32j08




                                                  SENATE AMENDMENT

    Bill No. CS for SB 874

    Amendment No.    





 1  be consistent with the time periods contained in the actuarial

 2  analysis. The rate filing may also reflect other relevant

 3  factors, as consistent with laws or rules affecting the rate

 4  filing. If the insurer disputes the conclusions of the

 5  actuarial analysis, the insurer shall establish in an

 6  administrative, judicial, or other proceeding that the impact

 7  of this act on such insurer's type of coverage is different

 8  than the expected effects contained in the actuarial analysis.

 9

10  [Renumber subsequent section(s).]

11

12

13  ================ T I T L E   A M E N D M E N T ===============

14  And the title is amended as follows:

15         On page 5, line 4, after the semicolon,

16

17  insert:

18         requiring that the Department of Insurance

19         contract for an actuarial analysis of any

20         reduction in judgments or costs resulting from

21         the provisions of the act; requiring a report;

22         requiring insurers to make certain rate

23         filings;

24

25

26

27

28

29

30

31

                                  2
    12:23 PM   04/08/98                             s0874c1c-32j08