Bill No. CS/CS/SB 2860
Amendment No. 653043
Senate House

1Representative Gelber offered the following:
3     Amendment to Amendment (128731) (with title amendment)
4     Between lines 2806 and 2807, insert:
5     Section 19.  The Office of Insurance Regulation (OIR) shall
6conduct a market analysis of property insurance lines in the
7state of Florida. In conducting the study, OIR shall analyze the
8state of the primary property insurance, reinsurance and
9residual markets. OIR shall identify ways to achieve a minimum
10of 25 percent rate reduction on property insurance lines and
11present its findings to the Financial Services Commission no
12later than December 1, 2008. Following the findings of OIR, the
13Financial Services Commission shall present to the President of
14the Senate, the Speaker of the House, the Minority Leader of the
15Senate, and the Minority Leader of the House recommended
16legislative actions based on the market analysis provided by OIR
17no later than February 1, 2008. A full copy of the market
18analysis and the legislative recommendations shall be made
19available to the public by posting such items on the website of
20the Office of Insurance Regulation within five business days of
21delivering them to the abovementioned officials.
T I T L E  A M E N D M E N T
28     Remove line 3284 and insert:
29related premium discounts; requiring the Office of Insurance
30Regulation to conduct a market analysis of property insurance
31lines in the state; providing requirements for such analysis;
32requiring the Office of Insurance Regulation to submit a report
33and make recommendations; requiring the Office of Insurance
34Regulation to post specified information on the Internet;
35creating the Citizens Property

CODING: Words stricken are deletions; words underlined are additions.

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