| 1 | Representative(s) Altman offered the following: |
| 2 |
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| 3 | Amendment |
| 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 | engineer qualified for structural design and inspection and |
| 10 | constructed or renovated by a licensed contractor to withstand a |
| 11 | 170 mile per hour maximum sustained wind shall be eligible for |
| 12 | coverage by the corporation for such structure at a rate that is |
| 13 | 15 percent above the lowest rate in the private windstorm |
| 14 | insurance market in this state. The rates shall be published by |
| 15 | the corporation to ensure property owners that coverage will be |
| 16 | available at the time construction is complete. |