Florida Senate - 2008 SENATOR AMENDMENT
Bill No. CS/CS/SB 2860, 1st Eng.
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Senate
Floor: WD/3R
4/16/2008 10:45 AM
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House
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Senator Fasano moved the following substitute for amendment
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(065556):
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Senate Amendment (with directory and title amendments)
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Between lines 727 and 728
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insert:
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(ee) An insurer or member of an insurance holding company
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group writing private passenger automobile insurance in this
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state that has reduced its writings in personal residential
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property lines by more than 5 percent from its in-force policy
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count as of December 31, 2003, must discontinue writing new
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automobile insurance until the insurer or member of the insurer's
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holding company group has in-force a number of personal
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residential insurance policies covering property in this state,
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including coverage for the peril of wind, that equals the number
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of personal residential insurance policies covering property in
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this state that the insurer or insurer group had in-force as of
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December 31, 2003. The commission may adopt rules to implement
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this section.
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====== D I R E C T O R Y C L A U S E A M E N D M E N T =====
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And the directory clause is amended as follows:
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Delete line 678
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and insert:
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626.9541, Florida Statutes, is amended, and paragraph (ee) is
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added to that subsection, to read:
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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 81, after the semicolon,
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insert:
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providing that an insurer or member of an insurance
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holding company group writing private passenger automobile
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insurance in this state that has reduced its writings in
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personal residential property lines by more than 5 percent
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from its in-force policy count as of a specified date must
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discontinue writing new automobile insurance until the
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insurer or member of the insurer's holding company group
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has in-force a number of personal residential insurance
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policies covering property in this state that equals the
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number of personal residential insurance policies it had
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in-force as of a specified date; permitting the commission
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to adopt rules;
4/16/2008 9:26:00 AM 11-07758-08
CODING: Words stricken are deletions; words underlined are additions.