Florida Senate - 2013                        COMMITTEE AMENDMENT
       Bill No. CS for SB 1408
       
       
       
       
       
       
                                Barcode 683692                          
       
                              LEGISLATIVE ACTION                        
                    Senate             .             House              
                  Comm: RCS            .                                
                  04/25/2013           .                                
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       The Committee on Appropriations (Richter) recommended the
       following:
       
    1         Senate Amendment 
    2  
    3         Delete lines 51 - 57
    4  and insert:
    5         (13) “Qualifying reinsurer parent company” means a
    6  reinsurer that which currently holds a certificate of authority,
    7  or qualifies for credit for reinsurance under s. 624.610(3), and
    8  possesses letter of eligibility or is an accredited or a
    9  satisfactory non-approved reinsurer in this state possessing a
   10  consolidated GAAP net worth of at least $500 million and a
   11  consolidated debt to total capital ratio of not greater than
   12  0.50.