SENATE AMENDMENT

    Bill No. CS for SB 746

    Amendment No.    

                            CHAMBER ACTION
              Senate                               House
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11  Senator Kirkpatrick moved the following amendment to amendment

12  (395114):

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14         Senate Amendment (with title amendment) 

15         On page 26, between lines 5-6,

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17  insert:

18         Section 23.  The Department of Insurance shall contract

19  with the State University System or a member thereof to

20  conduct a comprehensive review of the regulation of title

21  insurance and to make a report to the President of the Senate

22  and the Speaker of the House of Representatives on or before

23  February 1, 2000, which shall include recommendations for

24  statutory change. The report may address any relevant issues

25  but shall at a minimum address the following:

26         (1)  Adoption of pure risk premium or all inclusive

27  rate or retention of current hybrid premium rate and

28  identification of appropriate rate levels for each.

29         (2)  Promulgation of rates by statute or rule versus

30  rate regulation similar to that which currently exists in this

31  state as to property and casualty insurance.

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                                                  SENATE AMENDMENT

    Bill No. CS for SB 746

    Amendment No.    





 1         (3)  Rebating of commission.

 2         Section 24.  The sum of $200,000 is hereby appropriated

 3  for fiscal year 1999-2000 from the Insurance Commissioner's

 4  Regulatory Trust Fund to the Department of Insurance to fund

 5  the study required under Section 22 of this act.

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 7  (Redesignate subsequent sections.)

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

11  And the title is amended as follows:

12         On page 27, line 10, after the semicolon

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14  insert:

15         requiring the Department of Insurance to

16         contract for a review of title insurance

17         regulation; providing an appropriation;

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