HOUSE AMENDMENT

                                                  Bill No. HB 1979

    Amendment No.     (for drafter's use only)

                            CHAMBER ACTION
              Senate                               House
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 5                                           ORIGINAL STAMP BELOW

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11  Representative(s) Cosgrove offered the following:

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13         Amendment 

14         On page 48, line 12, through page 49, line 7,

15  remove from the bill:  all of said lines

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17  and insert in lieu thereof:

18         3.a.  In addition to any credits, bonuses, or

19  exemptions provided under s. 627.3511, the board shall adopt a

20  program for the reduction of both new and renewal writings in

21  the association. The board may consider any prudent and not

22  unfairly discriminatory approach to reducing association

23  writings, but must adopt at least a credit against assessment

24  liability or other liability that provides an incentive for

25  insurers to take risks out of the association and to keep

26  risks out of the association by maintaining or increasing

27  voluntary writings in counties in which association risks are

28  highly concentrated and a program to provide a formula under

29  which an insurer voluntarily taking risks out of the

30  association by maintaining or increasing voluntary writings

31  will be relieved wholly or partially from assessments under

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    File original & 9 copies    04/22/99
    hmo0008                     02:12 pm         01979-0119-720249




                                                   HOUSE AMENDMENT

                                                  Bill No. HB 1979

    Amendment No.     (for drafter's use only)





 1  sub-subparagraphs (b)3.a. and b.

 2         b.  Any credit or exemption from regular assessments

 3  adopted under this subparagraph shall last no longer than the

 4  3 years following the cancellation or expiration of the policy

 5  by the association. With the approval of the department, the

 6  board may extend such credits for an additional year if the

 7  insurer guarantees an additional year of renewability for all

 8  policies removed from the association, or for 2 additional

 9  years if the insurer guarantees 2 additional years of

10  renewability for all policies so removed.

11         c.  There shall be no credit, limitation, exemption, or

12  deferment from emergency assessments to be collected from

13  policyholders pursuant to sub-subparagraph (b)3.d.

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    File original & 9 copies    04/22/99
    hmo0008                     02:12 pm         01979-0119-720249