| 1 | Representative Gelber offered the following: |
| 2 |
|
| 3 | Amendment to Amendment (128731) (with title amendment) |
| 4 | Between lines 2806 and 2807, insert: |
| 5 | Section 19. The Office of Insurance Regulation (OIR) shall |
| 6 | conduct a market analysis of property insurance lines in the |
| 7 | state of Florida. In conducting the study, OIR shall analyze the |
| 8 | state of the primary property insurance, reinsurance and |
| 9 | residual markets. OIR shall identify ways to achieve a minimum |
| 10 | of 25 percent rate reduction on property insurance lines and |
| 11 | present its findings to the Financial Services Commission no |
| 12 | later than December 1, 2008. Following the findings of OIR, the |
| 13 | Financial Services Commission shall present to the President of |
| 14 | the Senate, the Speaker of the House, the Minority Leader of the |
| 15 | Senate, and the Minority Leader of the House recommended |
| 16 | legislative actions based on the market analysis provided by OIR |
| 17 | no later than February 1, 2008. A full copy of the market |
| 18 | analysis and the legislative recommendations shall be made |
| 19 | available to the public by posting such items on the website of |
| 20 | the Office of Insurance Regulation within five business days of |
| 21 | delivering them to the abovementioned officials. |
| 22 |
|
| 23 |
|
| 24 |
|
| 25 |
|
| 26 | ----------------------------------------------------- |
| 27 | T I T L E A M E N D M E N T |
| 28 | Remove line 3284 and insert: |
| 29 | related premium discounts; requiring the Office of Insurance |
| 30 | Regulation to conduct a market analysis of property insurance |
| 31 | lines in the state; providing requirements for such analysis; |
| 32 | requiring the Office of Insurance Regulation to submit a report |
| 33 | and make recommendations; requiring the Office of Insurance |
| 34 | Regulation to post specified information on the Internet; |
| 35 | creating the Citizens Property |
| 36 |
|