| 1 | Representatives Gelber and Taylor offered the following: |
| 2 |
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| 3 | Amendment to Amendment (439287) (with title amendment) |
| 4 | Between lines 2452 and 2453, insert: |
| 5 | Section 1. The Office of Insurance Regulation shall |
| 6 | conduct a market analysis of property insurance lines in the |
| 7 | state of Florida. In conducting the study, the office shall |
| 8 | analyze the state of the primary property insurance, reinsurance |
| 9 | and residual markets. The office shall identify ways to achieve |
| 10 | a minimum of twenty-five percent rate reduction on property |
| 11 | insurance lines and present its findings to the Financial |
| 12 | Services Commission no later than December 1, 2008. Following |
| 13 | the findings of the office, the Financial Services Commission |
| 14 | shall present to the President of the Senate, Speaker of the |
| 15 | House, Minority Leader of the Senate and Minority Leader of the |
| 16 | House recommended legislative actions based on the market |
| 17 | analysis provided by the office no later than February 1, 2008. |
| 18 | A full copy of the market analysis and the legislative |
| 19 | recommendations shall be made available to the public by posting |
| 20 | such items on the website of the Office of Insurance Regulation |
| 21 | within five business days of delivering them to the |
| 22 | abovementioned officials. |
| 23 |
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| 24 |
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| 25 | ----------------------------------------------------- |
| 26 | T I T L E A M E N D M E N T |
| 27 | Remove line 2652 and insert: |
| 28 | certain structures; requiring the Office of Insurance Regulation |
| 29 | to conduct a market analysis of property insurance lines; |
| 30 | requiring submission of findings to Legislature by a time |
| 31 | certain; requiring posting of market analysis on the Office of |
| 32 | Insurance Regulation website; providing effective dates. |