Florida Senate - 2008 SENATOR AMENDMENT

Bill No. CS/CS/SB 2860, 1st Eng.

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CHAMBER ACTION

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.