SENATE AMENDMENT
Bill No. SB 1464
Amendment No. 1 Barcode 112450
CHAMBER ACTION
Senate House
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11 The Committee on Banking and Insurance recommended the
12 following amendment:
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14 Senate Amendment (with title amendment)
15 On page 2, between lines 17 and 18,
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18 Section 3. Subsection (1) of section 628.727, Florida
19 Statutes, is amended to read:
20 628.727 Membership.--
21 (1) Membership in a mutual insurance holding company
22 shall be determined in accordance with the mutual insurance
23 holding company's articles of incorporation and bylaws and
24 shall be based upon each member holding a policy of insurance
25 with a subsidiary insurance company or a health maintenance
26 contract with a subsidiary health maintenance organization
27 service corporation. Group certificateholders may also be
28 members of the mutual insurance holding company if specified
29 in the bylaws.
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31 (Redesignate subsequent sections.)
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SENATE AMENDMENT
Bill No. SB 1464
Amendment No. 1 Barcode 112450
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 1, line 6, after the semicolon,
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5 insert:
6 amending s. 628.727, F.S.; providing
7 requirements for membership in a mutual
8 insurance holding company;
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