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The Committee on General Government Appropriations (Bennett)

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recommended the following amendment:

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     Senate Amendment (with directory and title amendments)

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     Between lines 523 and 524

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insert:

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     Section 10.  Section 627.805, Florida Statutes, is amended

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to read:

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     627.805  Regulation of variable and indeterminate value

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contracts; rules.--The Department of Financial Services and the

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Office of Insurance Regulation office, notwithstanding any other

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provision of law, shall have the sole authority to regulate the

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issuance and sale of variable and indeterminate value contracts

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pursuant to their respective authority as conferred by state law.

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The Office of Financial Regulation shall regulate the sale of

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variable and indeterminate value contracts pursuant to its

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authority under chapter 517. The Department of Financial Services

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and, when applicable, the Financial Services Commission, may, and

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the commission has authority to adopt rules pursuant to ss.

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120.536(1) and 120.54 to implement the provisions of this part.

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================ T I T L E  A M E N D M E N T ================

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And the title is amended as follows:

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     On line 49, after the semicolon,

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insert:

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amending s. 627.805, F.S.; providing for regulation of  

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the issuance and sale of variable and indeterminate value

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contracts by the Department of Financial Services, the

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Office of Insurance Regulation, and the Office of

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Financial Regulation; authorizing the department and the

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Financial Services Commission to adopt rules;

3/26/2008  10:40:00 AM     21-05800-08