Senate Bill 1464

    Florida Senate - 1999                                  SB 1464

    By Senator Dyer





    14-1148-99

  1                      A bill to be entitled

  2         An act relating to the depopulation of the

  3         Florida Residential Property and Casualty Joint

  4         Underwriting Association; repealing s.

  5         627.3511(5)(b), F.S., relating to the

  6         qualification of an insurer for an exemption

  7         from certain assessment; providing retroactive

  8         application; providing an effective date.

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

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12         Section 1.  Paragraph (b) of subsection (5) of section

13  627.3511, Florida Statutes, is repealed.

14         Section 2.  This act shall take effect upon becoming a

15  law and operates retroactively to March 1, 1999.

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18                          SENATE SUMMARY

19    Repeals s. 627.3511(5)(b), F.S., which prohibits an
      insurer or agent from qualifying for a bonus or exemption
20    from assessment under the depopulation provisions after
      the number of risks covered by the Residential Property
21    and Casualty Joint Underwriting Association is less than
      250,000. The repeal operates retroactively to March 1,
22    1999.

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