Bill Amendment: FL S0454 | 2017 | Regular Session

NOTE: For additional amemendments please see the Bill Drafting List

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Bill Title: Regulation of Insurance Companies

Status: 2017-05-04 - Laid on Table, companion bill(s) passed, see CS/HB 359 (Ch. 2017-132) [S0454 Detail]

Download: Florida-2017-S0454-Senate_Committee_Amendment_293744.html

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       Florida Senate - 2017                        COMMITTEE AMENDMENT
       Bill No. SB 454
       
       
       
       
       
       
                                Ì293744:Î293744                         
       
                              LEGISLATIVE ACTION                        
                    Senate             .             House              
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       The Committee on Banking and Insurance (Brandes) recommended the
       following:
       
    1         Senate Amendment (with directory and title amendments)
    2  
    3         Between lines 178 and 179
    4  insert:
    5         (b) Assessments levied as monthly installments pursuant to
    6  s. 631.57(3)(e)3. or s. 631.914 which that are paid after policy
    7  surcharges are collected so that the recognition of assets is
    8  based on actual premium written offset by the obligation to the
    9  Florida Insurance Guaranty Association or the Florida Workers’
   10  Compensation Insurance Guaranty Association, Incorporated.
   11  
   12  ====== D I R E C T O R Y  C L A U S E  A M E N D M E N T ======
   13  And the directory clause is amended as follows:
   14         Delete line 159
   15  and insert:
   16         Section 2. Subsection (15) of section
   17  
   18  ================= T I T L E  A M E N D M E N T ================
   19  And the title is amended as follows:
   20         Delete lines 8 - 10
   21  and insert:
   22         625.012, F.S.; revising the allowable assets of
   23         insurers relating to specified levied assessments;
   24         amending s. 627.062,