Florida Senate - 2009                          SENATOR AMENDMENT
       Bill No. CS for CS for SB 1950
       
       
       
       
       
       
                                Barcode 875292                          
       
                              LEGISLATIVE ACTION                        
                    Senate             .             House              
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                Floor: 6/AD/2R         .                                
             04/27/2009 04:25 PM       .                                
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       Senators Richter and Deutch moved the following:
       
    1         Senate Amendment (with title amendment)
    2  
    3         Delete lines 1949 - 1966
    4  and insert:
    5         2. Beginning December 1, 2010 February 1, 2010, if the
    6  report under subparagraph 1. for any year indicates that the
    7  100-year probable maximum loss attributable to wind-only
    8  coverages and the quota share program combined does not reflect
    9  a reduction of at least 25 percent from the benchmark, the board
   10  shall reduce the boundaries of the high-risk area eligible for
   11  wind-only coverages under this subsection in a manner calculated
   12  to reduce such probable maximum loss to an amount at least 25
   13  percent below the benchmark.
   14         3. Beginning February 1, 2015, if the report under
   15  subparagraph 1. for any year indicates that the 100-year
   16  probable maximum loss attributable to wind-only coverages and
   17  the quota share program combined does not reflect a reduction of
   18  at least 50 percent from the benchmark, the boundaries of the
   19  high-risk area eligible for wind-only coverages under this
   20  subsection shall be reduced by the elimination of any area that
   21  is not seaward of a line 1,000 feet inland from the Intracoastal
   22  Waterway.
   23  
   24  ================= T I T L E  A M E N D M E N T ================
   25         And the title is amended as follows:
   26         Delete line 68
   27  and insert:
   28         Revenue Fund; revising the date after which the State