Florida Senate - 2017                        COMMITTEE AMENDMENT
       Bill No. SB 420
       
       
       
       
       
       
                                Ì670196>Î670196                         
       
                              LEGISLATIVE ACTION                        
                    Senate             .             House              
                  Comm: RCS            .                                
                  02/21/2017           .                                
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       The Committee on Banking and Insurance (Brandes) recommended the
       following:
       
    1         Senate Substitute for Amendment (676588) (with title
    2  amendment)
    3  
    4         Delete lines 148 - 152
    5  and insert:
    6  626.916(1) if the surplus lines insurer maintains a superior,
    7  excellent, exceptional, or equivalent financial strength rating
    8  by a rating agency acceptable to the office s. 626.916(1)(a).
    9  This subsection expires July 1, 2017.
   10         (5) In addition to any other applicable requirements, an
   11  insurer providing flood coverage that is not excess coverage in
   12  this state must:
   13  
   14  ================= T I T L E  A M E N D M E N T ================
   15  And the title is amended as follows:
   16         Delete lines 16 - 17
   17  and insert:
   18         or endorsements to the insurer; deleting the
   19         expiration date of the exception; revising
   20         applicability of certain notification and filing
   21         requirements; revising provisions