| 1 | Representative McBurney offered the following: |
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| 3 | Amendment (with title amendment) |
| 4 | Between lines 117and 118 insert: |
| 5 | Section 3. The Legislature finds that the Uniform |
| 6 | Commercial Code insurance product authorized by section 1 of |
| 7 | Chapter 2005-153, Laws of Florida, will open new markets in this |
| 8 | state and will result in generation of new revenue for the |
| 9 | state. Accordingly, title insurers may petition for a rate |
| 10 | deviation as provided by s. 627.783, Florida Statutes, for the |
| 11 | uniform commercial code insurance product. In determining |
| 12 | whether to approve such petition for a rate deviation for the |
| 13 | uniform commercial code insurance product, the office shall be |
| 14 | guided by standards for national rates for the product currently |
| 15 | being offered in other states. |
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| 20 | ----------------------------------------------------- |
| 21 | T I T L E A M E N D M E N T |
| 22 | Remove line 17 and insert: |
| 23 | dismissed; providing legislative intent relating to certain |
| 24 | Uniform Commercial Code insurance products; authorizing title |
| 25 | insurers to petition for a rate deviation for certain insurance |
| 26 | products under certain circumstances; providing criteria for the |
| 27 | Office of Insurance Regulation; providing effective dates. |
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