Florida Senate - 2022                        COMMITTEE AMENDMENT
       Bill No. SB 2-A
       
       
       
       
       
       
                                Ì242906-Î242906                         
       
                              LEGISLATIVE ACTION                        
                    Senate             .             House              
                 Comm: UNFAV           .                                
                  12/12/2022           .                                
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       The Committee on Fiscal Policy (Osgood) recommended the
       following:
       
       
       
    1         Senate Amendment (with title amendment)
    2  
    3  
    4         Between lines 3024 and 3025
    5  insert:
    6         Section 25. The Office of Program Policy Analysis and
    7  Government Accountability shall conduct an analysis of all
    8  residential property insurance companies operating in this state
    9  to determine the financial performance, including the
   10  underwriting and investment profit and loss, of each company. At
   11  a minimum, the analysis must include consideration of moneys
   12  paid to managing general agents or other third parties
   13  contracted to perform regular operations for the company and
   14  amounts in loss reserves, specifically as a percentage of total
   15  assets. The office shall submit a report of its findings to the
   16  Governor, the President of the Senate, and the Speaker of the
   17  House of Representatives by January 1, 2024.
   18  
   19  ================= T I T L E  A M E N D M E N T ================
   20  And the title is amended as follows:
   21         Delete line 147
   22  and insert:
   23         mutual acceptance of all joint offerees; requiring the
   24         Office of Program Policy Analysis and Government
   25         Accountability (OPPAGA) to conduct a specified
   26         analysis of all residential property insurance
   27         companies operating in this state; requiring OPPAGA to
   28         submit a report of its findings to the Governor and
   29         the Legislature; providing an