1 | Representative(s) Altman offered the following: |
2 |
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3 | Amendment to Amendment (900607) (with title amendment) |
4 | Remove line 1445 |
5 | and insert: |
6 | based on generally accepted underwriting practices. The owner of |
7 | any structure designed and inspected by a licensed architect or |
8 | engineer qualified for structural design and inspection and |
9 | constructed or renovated by a licensed contractor to withstand a |
10 | 155 miles per hour maximum sustained wind shall be eligible for |
11 | coverage by the corporation for such structure at a rate that is |
12 | 30 percent below the average rate charged by the top five |
13 | writers of windstorm coverage throughout this state. The rates |
14 | shall be published by the corporation to ensure that a |
15 | predetermined rate will be available at the completion of |
16 | construction. |