1 | Representative Patterson offered the following: |
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3 | Amendment (with title amendment) |
4 | Between lines 2634 and 2635, insert: |
5 | Section 22. Rating agencies or rating services assigning a |
6 | financial rating to a Florida-based insurer that is reinsured by |
7 | the Florida Hurricane Catastrophe Fund may consider any |
8 | reinsurance recoverable from the Florida Hurricane Catastrophe |
9 | Fund to be valid and collectible unless the rating agency or |
10 | rating service has financial information to the contrary. |
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14 | T I T L E A M E N D M E N T |
15 | Between lines 148 and 149, insert: |
16 | authorizing certain rating agencies or rating services to |
17 | consider reinsurance recoverable from the Florida Hurricane |
18 | Catastrophe Fund to be valid and collectible under certain |
19 | circumstances; |