Florida Senate - 2006 COMMITTEE AMENDMENT
Bill No. PCS for SB 1980 (070118)
Barcode 780532
CHAMBER ACTION
Senate House
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11 The Committee on Banking and Insurance (Alexander) recommended
12 the following amendment:
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14 Senate Amendment (with title amendment)
15 On page 64, between lines 11 and 12,
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17 insert:
18 11. After the public hurricane loss-projection model
19 under s. 627.06281 has been found to be accurate and reliable
20 by the Florida Commission on Hurricane Loss Projection
21 Methodology, that model shall serve as the minimum benchmark
22 for determining the windstorm portion of the corporation's
23 rates. This subparagraph does not require or allow the
24 corporation to adopt rates lower than the rates otherwise
25 required or allowed by this paragraph.
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28 ================ T I T L E A M E N D M E N T ===============
29 And the title is amended as follows:
30 On page 4, line 22, after the semicolon,
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10:58 PM 04/06/06 s1980c-bi17-j20
Florida Senate - 2006 COMMITTEE AMENDMENT
Bill No. PCS for SB 1980 (070118)
Barcode 780532
1 insert:
2 providing for use of the public hurricane
3 loss-projection model in ratemaking;
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10:58 PM 04/06/06 s1980c-bi17-j20