Florida Senate - 2009                          SENATOR AMENDMENT
       Bill No. CS/CS/HB 1171, 2nd Eng.
       
       
       
       
       
       
                                Barcode 674786                          
       
                              LEGISLATIVE ACTION                        
                    Senate             .             House              
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                 Floor: WD/3R          .                                
             05/01/2009 06:37 PM       .                                
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       Senator Deutch moved the following:
       
    1         Senate Amendment (with title amendment)
    2  
    3         Between lines 140 and 141
    4  insert:
    5         (5) The Chief Financial Officer shall, within existing
    6  funds, analyze the market and consumer impacts of this section
    7  for the first two years of experience with the residential
    8  property insurance option provided under this section. The Chief
    9  Financial Officer shall prepare a report including the findings
   10  of the analysis and recommendations for future legislative
   11  action. The Chief Financial Officer shall furnish the report to
   12  the Governor, the President of the Senate, the Speaker of the
   13  House of Representatives, the majority and minority party
   14  leaders of each house of the Legislature, and the chairs of the
   15  legislative committees having primary jurisdication over
   16  insurance matters by January 1, 2012. The report must
   17  specifically address the following matters:
   18         (a) The impact of this section on the availability of
   19  private sector residential property insurance coverage
   20  throughout the state and specifically in the counties deemed
   21  most vulnerable to hurricane losses.
   22         (b) The impact of this section on the solvency and the
   23  growth or depopulation of Citizens Property Insurance
   24  Corporation.
   25         (c) The impact of this section on the solvency of the
   26  Florida Hurrican Catastrophe Fund.
   27         (d) The impact of this section on the solvency of the
   28  Florida property insurance market.
   29         (e) Objective measures of consumer satisfaction with the
   30  residential property insurance option provided under this
   31  section and with Citizens Property Insurance Corporation.
   32  
   33  ================= T I T L E  A M E N D M E N T ================
   34         And the title is amended as follows:
   35         Delete line 18
   36  and insert:
   37         requiring the Chief Financial Officer to prepare a
   38         report of the findings and recommendations resulting
   39         from an analysis the impact of certain legislation on
   40         the residential property insurance market; proving and
   41         effective date.