Florida Senate - 2019                        COMMITTEE AMENDMENT
       Bill No. CS for CS for SB 122
       
       
       
       
       
       
                                Ì547328=Î547328                         
       
                              LEGISLATIVE ACTION                        
                    Senate             .             House              
                   Comm: WD            .                                
                  04/18/2019           .                                
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       The Committee on Rules (Farmer) recommended the following:
       
    1         Senate Amendment to Amendment (338298) (with title
    2  amendment)
    3  
    4         Delete lines 323 - 330
    5  and insert:
    6         Section 4. A property insurer may not implement rate
    7  changes in 2019 for DP-3 or HO-3 policies. A property insurer
    8  may not implement rate changes for DP-3 or HO-3 policies in 2020
    9  and thereafter, unless the rate filing reflects projected rate
   10  savings from this act. Such rate filing must include an exhibit
   11  demonstrating the impact of this act on indicated rates for DP-3
   12  and HO-3 policies. A property insurer shall provide
   13  policyholders with details on the projected rate savings from
   14  this act.
   15  
   16  ================= T I T L E  A M E N D M E N T ================
   17  And the title is amended as follows:
   18         Delete lines 382 - 387
   19  and insert:
   20         benefits; providing an exception; prohibiting property
   21         insurers from implementing rate changes for certain
   22         policies in a certain year; prohibiting such rate
   23         changes in subsequent years except under certain
   24         circumstances; requiring certain rate filings to
   25         include specified information; requiring such insurers
   26         to inform policyholders of certain information;
   27         providing