Florida Senate - 2022                        COMMITTEE AMENDMENT
       Bill No. CS for SB 1728
       
       
       
       
       
       
                                Ì741042nÎ741042                         
       
                              LEGISLATIVE ACTION                        
                    Senate             .             House              
                  Comm: RCS            .                                
                  02/16/2022           .                                
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       Appropriations Subcommittee on Agriculture, Environment, and
       General Government (Boyd) recommended the following:
       
    1         Senate Amendment (with title amendment)
    2  
    3         Delete lines 381 - 409
    4  and insert:
    5  demonstrated expertise in insurance and be deemed to be within
    6  the scope of the exemption provided in s. 112.313(7)(b) at the
    7  time of appointment or reappointment. The Chief Financial
    8  Officer shall designate one of the appointees as chair. On or
    9  after July 1, 2022, an appointee designated as chair must have
   10  demonstrated expertise in insurance or must have at least 1 year
   11  of experience serving on the board of governors. All board
   12  members serve at the pleasure of the appointing officer. All
   13  members of the board are subject to removal at will by the
   14  officers who appointed them. All board members, including the
   15  chair, must be appointed to serve for 3-year terms beginning
   16  annually on a date designated by the plan. However, for the
   17  first term beginning on or after July 1, 2009, each appointing
   18  officer shall appoint one member of the board for a 2-year term
   19  and one member for a 3-year term. A board vacancy shall be
   20  filled for the unexpired term by the appointing officer. The
   21  Chief Financial Officer shall appoint a technical advisory group
   22  to provide information and advice to the board in connection
   23  with the board’s duties under this subsection. The executive
   24  director and senior managers of the corporation shall be engaged
   25  by the board and serve at the pleasure of the board. The
   26  executive director must, at the time of the appointment, have
   27  the experience, character, and qualifications required under s.
   28  624.404(3) to serve as the chief executive officer of an
   29  insurer. Any executive director appointed on or after July 1,
   30  2006, is subject to confirmation by the Senate. The executive
   31  director is responsible for employing other staff as the
   32  corporation may require, subject to review and concurrence by
   33  the board. As used in this sub-subparagraph, the term
   34  “demonstrated expertise in insurance” means at least 10 years’
   35  experience:
   36         (I) In property and casualty insurance as a full-time
   37  employee, officer, or owner of a licensed insurance agency or an
   38  insurer authorized to transact property insurance in this state;
   39  or
   40         (II) As an insurance regulator or as an executive or
   41  officer of an insurance trade association.
   42  
   43  ================= T I T L E  A M E N D M E N T ================
   44  And the title is amended as follows:
   45         Delete line 12
   46  and insert:
   47         board of governors for the corporation; defining the
   48         term “demonstrated expertise in insurance”; revising