HOUSE AMENDMENT

                                           Bill No. CS for SB 1126

    Amendment No. ___ (for drafter's use only)

                            CHAMBER ACTION
              Senate                               House
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  5                                           ORIGINAL STAMP BELOW

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10  ______________________________________________________________

11  Representative(s) Alexander offered the following:

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13         Amendment (with title amendment) 

14         On page 22, line 21 through page 23, line 15

15  remove:  all of said lines

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17  and insert:

18         4.  Must require that the association operate subject

19  to the supervision and approval of a board of trustees

20  consisting of the members of the State Board of

21  Administration. governors consisting of 13 individuals,

22  including 1 who is elected as chair. The board shall consist

23  of:

24         a.  The insurance consumer advocate appointed under s.

25  627.0613.

26         b.  Five members designated by the insurance industry.

27         c.  Five consumer representatives appointed by the

28  Insurance Commissioner. Two of the consumer representatives

29  must, at the time of appointment, be holders of policies

30  issued by the association, who are selected with consideration

31  given to reflecting the geographic balance of association

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    File original & 9 copies    03/19/02
    hthe001                     09:31 pm         01126-0066-514027




                                                   HOUSE AMENDMENT

                                           Bill No. CS for SB 1126

    Amendment No. ___ (for drafter's use only)





  1  policyholders. Two of the consumer members must be individuals

  2  who are minority persons as defined in s. 288.703(3). One of

  3  the consumer members shall have expertise in the field of

  4  mortgage lending.

  5         d.  Two representatives of the insurance industry

  6  appointed by the Insurance Commissioner. Of the two insurance

  7  industry representatives appointed by the Insurance

  8  Commissioner, at least one must be an individual who is a

  9  minority person as defined in s. 288.703(3).

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11  Any board member may be disapproved or removed and replaced by

12  the commissioner at any time for cause. All board members,

13  including the chair, must be appointed to serve for 3-year

14  terms beginning annually on a date designated by the plan.

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17  ================ T I T L E   A M E N D M E N T ===============

18  And the title is amended as follows:

19         On page 1, line 8 after the semicolon

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21  insert:

22         providing that the Residential Property and

23         Casualty Joint Underwriting Association shall

24         be governed by a board of trustees consisting

25         of the members of the State Board of

26         Administration;

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    File original & 9 copies    03/19/02
    hthe001                     09:31 pm         01126-0066-514027