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Senators Atwater and Geller moved the following amendment:

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     Senate Amendment

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     Delete line(s) 767-773

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and insert:

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12.11. A reasonable margin for underwriting profit and

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contingencies. For that portion of the rate covering the risk of

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hurricanes and other catastrophic losses for which the insurer

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has not purchased reinsurance and has exposed its capital and

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surplus to such risk, the office must approve a rating factor

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that provides the insurer a reasonable rate of return that is

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commensurate with such risk.

4/9/2008  12:47:00 PM     25-07069A-08