March 23, 2019
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Amendment CaShTmL-932302.HTM
                                                  SENATE AMENDMENT
    Bill No. SB 594
    Amendment No. ___   Barcode 932302
                            CHAMBER ACTION
              Senate                               House
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 1                  WD/2R          .                    
       04/29/2003 03:29 PM         .                    
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11  Senator Posey moved the following amendment:
12  
13         Senate Amendment (with title amendment) 
14         On page 1, between lines 26 and 27,
15  
16  insert:  
17         Section 2.  Section 717.1071, Florida Statutes, is
18  created to read:
19         717.1071  Lost owners of unclaimed demutualization,
20  rehabilitation, or related reorganization proceeds.--
21         (1)  Property distributable in the course of a
22  demutualization, rehabilitation, or related reorganization of
23  an insurance company is deemed abandoned 2 years after the
24  date the property is first distributable if, at the time of
25  the first distribution, the last known address of the owner on
26  the books and records of the holder is known to be incorrect
27  or the distribution or statements are returned by the post
28  office as undeliverable; and the owner has not communicated in
29  writing with the holder or its agent regarding the interest or
30  otherwise communicated with the holder regarding the interest
31  as evidenced by a memorandum or other record on file with the
                                  1
    12:53 PM   04/29/03                               s0594c-24e0a

SENATE AMENDMENT Bill No. SB 594 Amendment No. ___ Barcode 932302 1 holder or its agent. 2 (2) Property distributable in the course of 3 demutualization, rehabilitation, or related reorganization of 4 a mutual insurance company that is not subject to subsection 5 (1) shall be reportable as otherwise provided by this chapter. 6 (3) Property subject to this section shall be reported 7 and delivered no later than May 1 as of the preceding December 8 31, however the initial report under this section shall be 9 filed no later than November 1, 2003, as of December 31, 2002. 10 11 (Redesignate subsequent sections.) 12 13 14 ================ T I T L E A M E N D M E N T =============== 15 And the title is amended as follows: 16 On page 1, line 2, delete that line 17 18 and insert: 19 An act relating to insurance; creating s. 20 717.1071, F.S.; providing procedures, 21 requirements, and limitations on lost owners of 22 certain unclaimed insurance entity activity 23 proceeds; 24 25 26 27 28 29 30 31 2 12:53 PM 04/29/03 s0594c-24e0a
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