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The Committee on Banking and Insurance (Posey) recommended the

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following amendment:

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     Senate Amendment

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     Delete line(s) 1344-1351

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and insert:

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     2.  The TICL addendum shall contain a promise by the board

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to reimburse the TICL insurer for 70 percent of the insurer's 45

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percent, 75 percent, or 90 percent of its losses from each

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covered event in excess of the insurer's mandatory coverage,

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including retention, plus 5 percent of the reimbursed losses to

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cover loss adjustment expenses from each covered event. The

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percentage shall be the same as the coverage level selected by

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the insurer under paragraph (4)(b).

3/23/2008  9:11:00 AM     597-05534-08