| 1 | Representative(s) Altman offered the following: |
| 2 |
|
| 3 | Substitute Amendment for Amendment (431523) |
| 4 | On page 22, line 6, |
| 5 | remove: all of said line, |
| 6 | and insert: |
| 7 | and based on generally accepted underwriting practices. The |
| 8 | owner of any structure designed and inspected by a licensed |
| 9 | architect or engineer qualified for structural design and |
| 10 | inspection and constructed or renovated by a licensed contractor |
| 11 | to withstand a 155 miles per hour maximum sustained wind shall |
| 12 | be eligible for coverage by the corporation for such structure |
| 13 | at a rate that is 30 percent below the average rate charged by |
| 14 | the top five writers of windstorm coverage throughout this |
| 15 | state. The rates shall be published by the corporation to ensure |
| 16 | that a predetermined rate will be available at the completion of |
| 17 | construction. |