Amendment
Bill No. CS/CS/HB 511
Amendment No. 954523
CHAMBER ACTION
Senate House
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1Representative O'Toole offered the following:
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3     Amendment (with title amendment)
4     Between lines 12-13, insert:
5     Section 1.  Paragraph (e) of subsection (8) of section
6624.424, Florida Statutes, is amended to read:
7     624.424  Annual statement and other information.--
8     (8)
9     (e)  The commission shall adopt rules to implement this
10subsection, which rules must be in substantial conformity with
11the 1998 Model Rule Requiring Annual Audited Financial Reports
12adopted by the National Association of Insurance Commissioners
13or subsequent amendments, except where inconsistent with the
14requirements of this subsection. Any exception to, waiver of, or
15interpretation of accounting requirements of the commission must
16be in writing and signed by an authorized representative of the
17office. No insurer may raise as a defense in any action, any
18exception to, waiver of, or interpretation of accounting
19requirements, unless previously issued in writing by an
20authorized representative of the office.
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T I T L E  A M E N D M E N T
25     Between lines 2 and 3, insert:
26624.424, F.S.; revising a provision requiring that the Financial
27Services Commission adopt rules; amending
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CODING: Words stricken are deletions; words underlined are additions.