Florida Senate - 2009                        COMMITTEE AMENDMENT
       Bill No. CS for SB 1950
       
       
       
       
       
       
                                Barcode 391502                          
       
                              LEGISLATIVE ACTION                        
                    Senate             .             House              
                  Comm: RCS            .                                
                  04/17/2009           .                                
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       The Policy and Steering Committee on Ways and Means (Baker)
       recommended the following:
       
    1         Senate Amendment 
    2  
    3         Delete lines 188 - 210
    4  and insert:
    5  
    6  as of December 31, 2008, for the 2009 contract year; as of
    7  December 31, 2009, for the 2010 contract year; and as of
    8  December 31, 2010, for the 2011 contract year December 31, 2007.
    9  This coverage shall be in addition to all other coverage that
   10  may be provided under this section. The coverage provided by the
   11  fund under this subparagraph shall be in addition to the claims
   12  paying capacity as defined in subparagraph (c)1., but only with
   13  respect to those insurers that select the additional coverage
   14  option and meet the requirements of this subparagraph. The
   15  claims-paying capacity with respect to all other participating
   16  insurers and limited apportionment companies that do not select
   17  the additional coverage option shall be limited to their
   18  reimbursement premium’s proportionate share of the actual
   19  claims-paying capacity otherwise defined in subparagraph (c)1.
   20  and as provided for under the terms of the reimbursement
   21  contract. The optional coverage retention as specified shall be
   22  accessed before the mandatory coverage under the reimbursement
   23  contract, but once the limit of coverage selected under this
   24  option is exhausted, the insurer’s retention under the mandatory
   25  coverage will apply. This coverage will apply and be paid
   26  concurrently with mandatory coverage. Coverage provided in the
   27  reimbursement contract shall not be affected by the additional
   28  premiums paid by participating insurers exercising the
   29  additional coverage option allowed in this subparagraph. This
   30  subparagraph expires on December 31, 2011 May 31, 2009.