Florida Senate - 2009                        COMMITTEE AMENDMENT
       Bill No. CS for SB 1950
       
       
       
       
       
       
                                Barcode 642548                          
       
                              LEGISLATIVE ACTION                        
                    Senate             .             House              
                   Comm: WD            .                                
                  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 1662 - 1691
    4  and insert:
    5         (5) A final accounting report documenting the assessment
    6  recouped shall be submitted to the office within 60 days after
    7  the recoupment period ends. The chief executive officer or chief
    8  financial officer must certify under oath and subject to the
    9  penalty of perjury, on a form approved by the commission, that
   10  he or she has reviewed the report; that the information in the
   11  report is true and accurate; and that, based on his or her
   12  knowledge:
   13         (a) The report does not contain any untrue statement of a
   14  material fact or omit a material fact necessary in order to make
   15  the statements not misleading, in light of the circumstances
   16  under which the statements were made;
   17         (b) The effective dates of the recoupment period are
   18  correct;
   19         (c) The recoupment factor used is correct;
   20         (d) The direct written premium and associated recoupment
   21  amounts received each month for the entire recoupment period are
   22  correct; and
   23         (e) All excess recoupment moneys have been paid to the
   24  corporation.
   25         (6) Any insurer or insurer group that does not elect to use
   26  this process to recoup an assessment amount that it has paid is
   27  prohibited from including this uncollected assessment amount as
   28  any component in any subsequent rate filing required by s.
   29  627.062 or s. 627.0651.
   30         (7)(4) The commission may adopt rules to implement this