Florida Senate - 2019                        COMMITTEE AMENDMENT
       Bill No. CS for CS for SB 122
       
       
       
       
       
       
                                Ì922830~Î922830                         
       
                              LEGISLATIVE ACTION                        
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       The Committee on Rules (Farmer) recommended the following:
       
    1         Senate Amendment to Amendment (338298) (with title
    2  amendment)
    3  
    4         Delete lines 323 - 330
    5  and insert:
    6         Section 4. A property insurer may not implement rate
    7  changes in 2019 for DP-3 or HO-3 policies. A DP-3 or HO-3
    8  property insurance policy issued in years 2020 to 2023 must
    9  provide rate savings to consumers if it is restricted-in-part or
   10  restricted-in-whole. A restricted-in-part policy must be
   11  provided at a 10-percent lower cost to the consumer than an
   12  unrestricted policy. A restricted-in-whole policy must be
   13  provided at a 10-percent lower cost than a restricted-in-part
   14  policy, or at a 20-percent lower cost than an unrestricted
   15  policy if no restricted-in-part policy is offered by the
   16  insurer.
   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 382 - 387
   21  and insert:
   22         benefits; providing an exception; prohibiting property
   23         insurers from implementing rate changes for certain
   24         policies during a certain year; requiring that certain
   25         property insurance policies with certain restrictions
   26         and issued during a certain timeframe must provide
   27         specified rate savings to consumers; providing