Florida Senate - 2015                          SENATOR AMENDMENT
       Bill No. CS for CS for SB 258
       
       
       
       
       
       
                                Ì305452ÇÎ305452                         
       
                              LEGISLATIVE ACTION                        
                    Senate             .             House              
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       Senator Montford moved the following:
       
    1         Senate Amendment (with title amendment)
    2  
    3         Before line 46
    4  insert:
    5  
    6         Section 1. Paragraph (a) of subsection (8) of section
    7  627.062, Florida Statutes, is amended to read:
    8         627.062 Rate standards.—
    9         (8)(a) The chief executive officer or chief financial
   10  officer of a property insurer and the chief actuary of a
   11  property insurer must certify under oath and subject to the
   12  penalty of perjury, on a form approved by the commission, the
   13  following information, which must accompany a property rate
   14  filing subject to paragraph (2)(a):
   15         1. The signing officer and actuary have reviewed the rate
   16  filing;
   17         2. Based on the signing officer’s and actuary’s knowledge,
   18  the rate filing does not contain any untrue statement of a
   19  material fact or omit to state a material fact necessary to make
   20  the statements made, in light of the circumstances under which
   21  such statements were made, not misleading;
   22         3. Based on the signing officer’s and actuary’s knowledge,
   23  the information and other factors described in paragraph (2)(b),
   24  including, but not limited to, investment income, fairly present
   25  in all material respects the basis of the rate filing for the
   26  periods presented in the filing; and
   27         4. Based on the signing officer’s and actuary’s knowledge,
   28  the rate filing reflects all premium savings that are reasonably
   29  expected to result from legislative enactments and are in
   30  accordance with generally accepted and reasonable actuarial
   31  techniques.
   32  
   33  ================= T I T L E  A M E N D M E N T ================
   34  And the title is amended as follows:
   35         Between lines 2 and 3
   36  insert:
   37         amending s. 627.062, F.S.; restricting to certain
   38         property rate filings a requirement that the chief
   39         executive officer or chief financial officer and the
   40         chief actuary of a property insurer certify the
   41         information contained in a rate filing;