CODING: Words stricken are deletions; words underlined are additions.
SENATE AMENDMENT
Bill No. CS for CS for SB 432
Amendment No. ___ Barcode 880326
CHAMBER ACTION
Senate House
.
.
1 .
.
2 .
.
3 .
.
4 ______________________________________________________________
5
6
7
8
9
10 ______________________________________________________________
11 Senator Burt moved the following amendment:
12
13 Senate Amendment (with title amendment)
14 On page 22, lines 6-14, delete those lines
15
16 and insert:
17 Section 13. Section 624.4073, Florida Statutes, is
18 created to read:
19 624.4073 Officers and directors of insolvent
20 insurers.--Any person who was an officer or director of an
21 insurer doing business in this state and who served in that
22 capacity within the 2-year period prior to the date the
23 insurer became insolvent, for any insolvency that occurs on or
24 after July 1, 2002, may not thereafter serve as an officer or
25 director of an insurer authorized in this state unless the
26 officer or director demonstrates that his or her personal
27 actions or omissions were not a significant contributing cause
28 to the insolvency.
29
30
31
1
9:48 AM 03/20/02 s0432c2c-162u2
SENATE AMENDMENT
Bill No. CS for CS for SB 432
Amendment No. ___ Barcode 880326
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 2, lines 15-19, delete those lines
4
5 and insert:
6 creating s. 624.4073, F.S.; prohibiting a
7 person who served as an officer or director of
8 an insolvent insurer on or after a specified
9 date from thereafter serving as an officer or
10 director of an insurer authorized in this
11 state; providing certain exceptions;
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
2
9:48 AM 03/20/02 s0432c2c-162u2