Florida Senate - 2023                        COMMITTEE AMENDMENT
       Bill No. SB 516
       
       
       
       
       
       
                                Ì5093825Î509382                         
       
                              LEGISLATIVE ACTION                        
                    Senate             .             House              
                  Comm: RCS            .                                
                  03/24/2023           .                                
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       The Committee on Banking and Insurance (DiCeglie) recommended
       the following:
       
    1         Senate Amendment (with title amendment)
    2  
    3         Delete line 28
    4  and insert:
    5  group described in subsection (12). In addition, any surplus
    6  lines insurer as defined in s. 626.914(2) which is rated “A” or
    7  higher by A.M. Best Company may provide coverage to meet
    8  financial responsibility requirements for commercial motor
    9  vehicles. The owner, registrant, or
   10  
   11  ================= T I T L E  A M E N D M E N T ================
   12  And the title is amended as follows:
   13         Delete lines 4 - 6
   14  and insert:
   15         the term “motor vehicle liability policy” and defining
   16         the term “risk retention group” for purposes of ch.
   17         324, F.S.; providing an