Florida Senate - 2007 SENATOR AMENDMENT
Bill No. CS for SB 1866
Barcode 611842
CHAMBER ACTION
Senate House
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05/02/2007 12:54 PM .
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11 Senator Aronberg moved the following amendment:
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13 Senate Amendment (with directory and title amendments)
14 On page 18, line 25, through
15 page 19, line 5, delete those lines
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17 and insert:
18 (g) The total amount of funds available for the
19 program is limited to the amount appropriated by the
20 Legislature for this purpose. If the amount of surplus notes
21 requested by insurers exceeds the amount of funds available,
22 the board may prioritize insurers that are eligible and
23 approved, with priority for funding given to insurers writing
24 only manufactured housing policies, regardless of the date of
25 application, based on the financial strength of the insurer,
26 the viability of its proposed business plan for writing
27 additional residential property insurance in the state, and
28 the effect on competition in the residential property
29 insurance market. Between insurers writing residential
30 property insurance covering manufactured housing, priority
31 shall be given to the insurer writing the highest percentage
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Florida Senate - 2007 SENATOR AMENDMENT
Bill No. CS for SB 1866
Barcode 611842
1 of its policies covering manufactured housing.
2 (j) As used in this section, "an insurer writing only
3 manufactured housing policies" also includes:
4 1. A Florida domiciled insurer that begins writing
5 personal lines residential manufactured housing policies in
6 Florida after March 1, 2007, and which removes a minimum of
7 50,000 policies from Citizens Property Insurance Corporation
8 without accepting a bonus, and if at least 25 percent of its
9 policies cover manufactured housing. Such an insurer may count
10 any funds above the minimum capital and surplus requirement
11 that were contributed into the insurer after March 1, 2007, as
12 new capital under this section.
13 2. A Florida domiciled insurer that writes at least 40
14 percent of its policies covering manufactured housing in
15 Florida.
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18 ==== D I R E C T O R Y C L A U S E A M E N D M E N T ====
19 And the directory clause is amended as follows:
20 On page 17, lines 24-26, delete those lines
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22 and insert:
23 Section 3. Paragraphs (b), (c), and (g) of subsection
24 (2) of section 215.5595, Florida Statutes, as amended by
25 chapter 2007-1, Laws of Florida, are amended, and paragraph
26 (j) of that subsection is added, to read:
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29 ================ T I T L E A M E N D M E N T ===============
30 And the title is amended as follows:
31 On page 1, line 20, after the semicolon,
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Florida Senate - 2007 SENATOR AMENDMENT
Bill No. CS for SB 1866
Barcode 611842
1 insert:
2 revising a definition;
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