Florida Senate - 2007 SENATOR AMENDMENT
Bill No. CS for SB 2498
Barcode 923890
CHAMBER ACTION
Senate House
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05/01/2007 02:34 PM .
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11 Senators Atwater and Deutch moved the following amendment:
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13 Senate Amendment (with title amendment)
14 On page 22, between lines 18 and 19,
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16 insert:
17 Section 2. Subsection (11) is added to section
18 627.062, Florida Statutes, as amended by section 18 of chapter
19 2007-1, Laws of Florida, to read:
20 627.062 Rate standards.--
21 (11) Any interest paid pursuant to s. 627.70131(5) may
22 not be included in the insurer's rate base and may not be used
23 to justify a rate or rate change.
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25 (Redesignate subsequent sections.)
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28 ================ T I T L E A M E N D M E N T ===============
29 And the title is amended as follows:
30 On page 1, line 10, following the semicolon
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8:42 PM 04/30/07 s2498c1c-25-b04
Florida Senate - 2007 SENATOR AMENDMENT
Bill No. CS for SB 2498
Barcode 923890
1 insert:
2 amending s. 627.062, F.S.; providing that
3 certain interest paid by an insurer may not be
4 included in rate base or used to justify a rate
5 or rate change;
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8:42 PM 04/30/07 s2498c1c-25-b04