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The Committee on Governmental Operations (Posey) recommended the

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following substitute for amendment (732146):

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     Senate Amendment (with title amendment)

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     Delete line(s) 396-426

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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 2007

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2006,insurers qualifying as limited apportionment companies under

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s. 627.351(6)(c), and insurers that have been were approved to

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participate in 2006 or that are approved in 2007 for the

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Insurance Capital Build-Up Incentive Program pursuant to s.

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215.5595, a contract or contract addendum that provides an

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additional amount of reimbursement coverage of up to $10 million.

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The premium to be charged for this additional reimbursement

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coverage shall be 50 percent of the additional reimbursement

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coverage provided, which shall include one prepaid reinstatement.

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The minimum retention level that an eligible participating

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insurer must retain associated with this additional coverage

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layer is 30 percent of the insurer's surplus as of December 31,

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2007 2006. This coverage is shall be in addition to all other

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coverage that may be provided under this section. The coverage

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provided by the fund under this subparagraph shall be in addition

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to the claims-paying capacity as defined in subparagraph (c)1.,

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but only with respect to those insurers that select the

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additional coverage option and meet the requirements of this

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subparagraph. The claims-paying capacity with respect to all

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other participating insurers and limited apportionment companies

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that do not select the additional coverage option shall be

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limited to their reimbursement premium's proportionate share of

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the actual claims-paying capacity otherwise defined in

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subparagraph (c)1. and as provided for under the terms of the

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reimbursement contract. Coverage provided in the reimbursement

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contract is will not be affected by the additional premiums paid

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by participating insurers exercising the additional coverage

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option allowed in this subparagraph. This subparagraph expires on

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May 31, 2009 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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     On line(s) 23, after the semicolon,

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insert:

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extending for an additional year the offer of

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reimbursement coverage of up to $10 million for specified

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insurers; revising the qualifying criteria for such

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insurers;

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4/3/2008  10:14:00 AM     BI.GO.06612