HOUSE AMENDMENT

                                      Bill No. CS/HB 507, 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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11  Representative(s) Farkas offered the following:

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13         Amendment to Amendment (570369) (with title amendment) 

14         On page 109, line 16 through 26,

15  remove:  all of said lines

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17  and insert:

18         (10)(a)1.  An application to form a self-insurance fund

19  under this section must be filed with the department before

20  October 1, 2002. All self-insurance funds authorized under

21  this paragraph must apply for a certificate of authority to

22  become an authorized insurer by October 1, 2006. Any such fund

23  failing to obtain a certificate of authority as an authorized

24  insurer within 1 year of the date of application therefore

25  shall wind down its affair and shall not issue coverage after

26  the expiration of the 1-year period.

27         2.  Any self insurance fund established pursuant to

28  this section after April 1, 2002, shall also comply with ss.

29  624.460-624.489, notwithstanding s. 624.462(2)(a). In the

30  event of a conflict between the provisions of this section and

31  ss. 624.460-624.489, the latter sections shall govern. With

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    File original & 9 copies    03/15/02
    hcs0005                     09:38 am         00507-0052-483405




                                                   HOUSE AMENDMENT

                                      Bill No. CS/HB 507, 1st Eng.

    Amendment No. ___ (for drafter's use only)





  1  respect to those sections, provisions solely applicable to

  2  workers' compensation and employers liability insurance shall

  3  not apply to medical malpractice funds. A self insurance may

  4  not be formed under this section after October 1, 1992.

  5         Section 106.  Subsection (7) of section 631.54, Florida

  6  Statutes, is amended to read:

  7         631.54  Definitions.--As used in this part:

  8         (7)  "Member insurer" means any person who writes any

  9  kind of insurance to which this part applies under s. 631.52,

10  including the exchange of reciprocal or interinsurance

11  contracts and any medical malpractice self-insurance fund

12  authorized after April 1, 2002 under s. 627.357, and is

13  licensed to transact insurance in this state.

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

17  And the title is amended as follows:

18         On page 126, line 11, of the amendment, after the

19  semicolon, of the amendment

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21  insert:

22         amending s. 631.54, F.S.; amending definition

23         of member insurer;

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    File original & 9 copies    03/15/02
    hcs0005                     09:38 am         00507-0052-483405