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The Committee on General Government Appropriations (Alexander)

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recommended the following substitute for amendment (586414):

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     Senate Amendment (with title amendment)

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     Delete line(s) 399-430

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and insert:

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     4.  Notwithstanding any other provision contained in this

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section, the board shall make available to insurers that

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purchased coverage provided by this subparagraph in 2006,

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insurers qualifying as limited apportionment companies under s.

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627.351(6)(c), and insurers that were approved to participate in

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2006 or that are approved in 2007 for the Insurance Capital

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Build-Up Incentive Program pursuant to s. 215.5595, a contract or

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contract addendum that provides an additional amount of

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reimbursement coverage of up to $10 million. The premium to be

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charged for this additional reimbursement coverage shall be 50

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percent of the additional reimbursement coverage provided, which

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shall include one prepaid reinstatement. The minimum retention

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level that an eligible participating insurer must retain

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associated with this additional coverage layer is 30 percent of

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the insurer's surplus as of December 31, 2006. This coverage

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shall be in addition to all other coverage that may be provided

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under this section. The coverage provided by the fund under this

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subparagraph shall be in addition to the claims-paying capacity

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as defined in subparagraph (c)1., but only with respect to those

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insurers that select the additional coverage option and meet the

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requirements of this subparagraph. The claims-paying capacity

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with respect to all other participating insurers and limited

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apportionment companies that do not select the additional

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coverage option shall be limited to their reimbursement premium's

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proportionate share of the actual claims-paying capacity

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otherwise defined in subparagraph (c)1. and as provided for under

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the terms of the reimbursement contract. Coverage provided in the

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reimbursement contract will not be affected by the additional

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premiums paid by participating insurers exercising the additional

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coverage option allowed in this subparagraph. This subparagraph

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expires on May 31, 2008.

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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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     Delete line(s) 23-26

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and insert:

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certain obligations; requiring that the division publish

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certain

4/7/2008  8:41:00 PM     17-06900-08