Florida Senate - 2005                      COMMITTEE AMENDMENT
    Bill No. SB 2294
                        Barcode 130106
                            CHAMBER ACTION
              Senate                               House
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11  The Committee on Banking and Insurance (Atwater) recommended
12  the following amendment:
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14         Senate Amendment (with title amendment) 
15         On page 5, between lines 18 and 19,
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17  insert:  
18         (s)  The board of governors shall adopt a plan under
19  which insureds of the corporation have, at their election, the
20  opportunity to pay premiums semiannually or quarterly. The
21  plan shall provide for a processing fee that represents the
22  administrative costs resulting from additional billing and
23  recordkeeping. The plan and the processing fee must be
24  approved by the office.
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27  ================ T I T L E   A M E N D M E N T ===============
28  And the title is amended as follows:
29         On page 1, line 5, after the semicolon,
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31  insert:
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    5:03 PM   04/13/05                             s2294c-bi25-tb2


    Florida Senate - 2005                      COMMITTEE AMENDMENT
    Bill No. SB 2294
                        Barcode 130106
 1         amending s. 627.351, F.S.; requiring the
 2         Citizens Property Insurance Corporation's board
 3         of governors to offer insureds the option of
 4         paying premiums semiannually or quarterly;
 5         providing for a processing fee for such
 6         payments; requiring the plan and fee to be
 7         approved by the Office of Insurance Regulation;
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    5:03 PM   04/13/05                             s2294c-bi25-tb2