| 1 | Representative O'Toole offered the following: |
| 2 |
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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 |
| 6 | 624.424, 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 |
| 10 | subsection, which rules must be in substantial conformity with |
| 11 | the 1998 Model Rule Requiring Annual Audited Financial Reports |
| 12 | adopted by the National Association of Insurance Commissioners |
| 13 | or subsequent amendments, except where inconsistent with the |
| 14 | requirements of this subsection. Any exception to, waiver of, or |
| 15 | interpretation of accounting requirements of the commission must |
| 16 | be in writing and signed by an authorized representative of the |
| 17 | office. No insurer may raise as a defense in any action, any |
| 18 | exception to, waiver of, or interpretation of accounting |
| 19 | requirements, unless previously issued in writing by an |
| 20 | authorized representative of the office. |
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| 23 | ----------------------------------------------------- |
| 24 | T I T L E A M E N D M E N T |
| 25 | Between lines 2 and 3, insert: |
| 26 | 624.424, F.S.; revising a provision requiring that the Financial |
| 27 | Services Commission adopt rules; amending |
| 28 |
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