| 1 | Representative(s) Reagan offered the following: |
| 2 |
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| 3 | Substitute Amendment for Amendment (433267) |
| 4 | Remove line(s) 1873-1882 and insert: |
| 5 | Section 23. The rate filing requirement in section 3 of |
| 6 | chapter 2007-1, Laws of Florida, relating to savings to be |
| 7 | reflected due to the presumed factor set by the Office of |
| 8 | Insurance Regulation on March 15, 2007, shall apply solely to |
| 9 | catastrophe reinsurance contracts covering the 2007 hurricane |
| 10 | season entered into after January 25, 2007. If an insurer had |
| 11 | any catastrophe reinsurance contract covering the 2007 hurricane |
| 12 | season in place prior to January 25, 2007, such insurer shall |
| 13 | not be required to reflect a savings in its presumed factor rate |
| 14 | filing for that affected contract. |