Florida Senate - 2005                        SENATOR AMENDMENT
    Bill No. CS for CS for SB 1488
                        Barcode 843034
                            CHAMBER ACTION
              Senate                               House
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       05/05/2005 08:06 PM         .                    
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11  Senator Garcia moved the following amendment to amendment
12  (552756):
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14         Senate Amendment 
15         In title, on page 22, line 23, through
16                      page 23, line 23, delete those lines
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18  and insert:
19         On page 2, lines 9 through 22, delete those lines
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21  and insert:
22         amending s. 627.351, F.S.; revising the
23         appointments to the board and the approval of
24         officers and employees of the corporation;
25         providing additional legislative intent
26         relating to the Citizens Property Insurance
27         Corporation; authorizing the corporation to
28         issue bonds and incur indebtedness for certain
29         purposes; requiring creation of a Market
30         Accountability Advisory Committee to assist the
31         corporation for certain purposes; providing for
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    7:14 PM   05/04/05                             s1488c2t-40-j01


    Florida Senate - 2005                        SENATOR AMENDMENT
    Bill No. CS for CS for SB 1488
                        Barcode 843034
 1         appointment of committee members; providing for
 2         terms; requiring reports to the corporation;
 3         revising requirements for the plan of operation
 4         of the corporation; deleting limitations on
 5         certain personal lines residential wind-only
 6         policies; deleting an obsolete reporting
 7         requirement; specifying nonapplication of
 8         certain policy requirements in counties lacking
 9         reasonable degrees of competition for certain
10         policies under certain circumstances;
11         specifying that rates may not be increased by
12         more than a specified percentage; requiring the
13         commission to adopt rules; deleting an obsolete
14         rate methodology panel reporting requirement
15         provision; requiring the corporation to require
16         the securing of flood insurance as a condition
17         of coverage under certain circumstances;
18         providing requirements and limitations;
19         creating s. 627.40951,
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    7:14 PM   05/04/05                             s1488c2t-40-j01