| 1 | Representative R. Garcia offered the following: |
| 2 |
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| 3 | Amendment to Amendment (900607) (with title amendment) |
| 4 | Between lines 2558 and 2669, insert: |
| 5 | Section 29. Section 627.41065, Florida Statutes, is |
| 6 | created to read: |
| 7 | 627.41065 Credit for administrative efficiencies.--A life |
| 8 | or health insurer or health maintenance organization may offer |
| 9 | to groups a credit reflecting demonstrable administrative |
| 10 | savings resulting from efficiencies that occur when two or more |
| 11 | life or health insurance products, or a health maintenance |
| 12 | organization contract and one or more life or health insurance |
| 13 | products, are purchased from the insurer or its affiliated |
| 14 | companies or health maintenance organization. The insurer or |
| 15 | health maintenance organization shall be required to demonstrate |
| 16 | to the office that the proposed credit is reasonable, does not |
| 17 | exceed the administrative savings, and is offered in a |
| 18 | nondiscriminatory manner. Such demonstration may be submitted |
| 19 | for approval separate from any premium rate filing. In no event |
| 20 | shall such credit, resulting in reduction of revenue, be |
| 21 | reflected in the experience used in rate filings. The commission |
| 22 | may establish by rule the procedures to be used in ascertaining |
| 23 | the appropriate amount and reasonableness of the credit in |
| 24 | relation to the administrative savings and to assure that it is |
| 25 | offered in a nondiscriminatory manner. |
| 26 |
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| 27 | ======== T I T L E A M E N D M E N T ======== |
| 28 | Remove line 2674, and insert: |
| 29 | necessary to carry out its purposes; creating s. 627.41065, |
| 30 | F.S.; providing for a credit for administrative efficiencies; |
| 31 | authorizing insurers or health maintenance organizations to |
| 32 | offer credit to certain groups for certain purposes; providing |
| 33 | duties of insurers and health maintenance organizations; |
| 34 | providing credit criteria authorizing the commission to |
| 35 | establish rules; providing an appropriation; |