SENATE AMENDMENT

    Bill No. CS for SB 374

    Amendment No.    

                            CHAMBER ACTION
              Senate                               House
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11  Senator Forman moved the following amendment:

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13         Senate Amendment (with title amendment) 

14         On page 25, lines 5-19, strike those lines

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16  and insert:

17         (3)  After March 1, 2001, the department shall review

18  the filed rates of insurers and underwriting profits and

19  losses for Florida liability insurance businesses, and shall

20  require any prospective rate modifications that the department

21  deems to be necessary to cause the rates of any specific

22  insurer to reflect any savings resulting from the provisions

23  of this act as determined by the actuarial analysis. The

24  department shall require each liability insurer's first rate

25  filing after March 1, 2001, to include specific data on the

26  impact of this act on the insurer's liability judgments,

27  settlements, and costs for the purpose of enabling the

28  department and the Legislature to accurately monitor and

29  evaluate the effects of this act.

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    3:05 PM   03/08/99                              s0374c1c-32c2w




                                                  SENATE AMENDMENT

    Bill No. CS for SB 374

    Amendment No.    





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

 2  And the title is amended as follows:

 3         On page 3, line 16, after the word "date",

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 5  insert:

 6         and authorizing rate modifications to reflect

 7         savings

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    3:05 PM   03/08/99                              s0374c1c-32c2w