HOUSE AMENDMENT

    hbd-032                           Bill No. CS/HB 541, 1st Eng.

    Amendment No.     (for drafter's use only)

                            CHAMBER ACTION
              Senate                               House
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 5                                           ORIGINAL STAMP BELOW

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 7

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10                                                                

11  Representative(s) Arnall offered the following:

12

13         Amendment (with title amendment) 

14         On page 8, between lines 29 and 30,

15

16  insert:

17         Section 9.  (1)  Effective upon this act becoming a

18  law, the Industrial Life Insurance Policy Task Force is

19  created to serve through January 15, 2001. All members of the

20  task force shall be appointed by June 15, 2000. The task force

21  shall be composed of:

22         (a)  Two members appointed by the President of the

23  Senate.

24         (b)  Two members appointed by the Speaker of the House

25  of Representatives.

26         (c)  One member appointed by the Insurance

27  Commissioner.

28         (2)  The organizational meeting of the task force shall

29  take place no later than July 15, 2000. The members shall

30  elect a chair by majority vote. The task force is

31  administratively assigned to, and shall be staffed by the

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    File original & 9 copies    05/02/00
    hbd0022                     07:39 am         00541-0018-095591




                                                   HOUSE AMENDMENT

    hbd-032                           Bill No. CS/HB 541, 1st Eng.

    Amendment No.     (for drafter's use only)





 1  Department of Insurance. Members of the task force shall serve

 2  without compensation, but shall be reimbursed for per diem and

 3  travel expenses as provided in s. 112.061, Florida Statutes.

 4         (3)  The task force shall study the extent to which

 5  industrial life insurance policyholders have paid premiums in

 6  excess of the death benefits provided by such policies, and

 7  recommend to the Legislature the appropriate method of

 8  reimbursing such policyholders for the amount of such excess

 9  payments. The task force shall make recommendations and submit

10  a final report to the Governor, the President of the Senate,

11  and the Speaker of the House of Representatives by January 1,

12  2001.

13         (4)  The task force should address insurance

14  alternatives with respect to cost and marketing as such

15  matters relate to the policyholders described in subsection

16  (3).

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

20  And the title is amended as follows:

21         On page 1, line 24, after the semicolon,

22

23  insert:

24         creating an industrial life insurance policy

25         task force; providing for membership; requiring

26         the task force to do a study and make

27         recommendations to the Governor and

28         Legislature;

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    File original & 9 copies    05/02/00
    hbd0022                     07:39 am         00541-0018-095591