| 1 | Representative P. Taylor offered the following: |
| 2 |
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| 3 | Amendment (with title amendment) |
| 4 | Between lines 2634 and 2635, insert: |
| 5 | Section 22. Subsection (7) is added to section 624.46226, |
| 6 | Florida Statutes, to read: |
| 7 | 624.46226 Public housing authorities self-insurance funds; |
| 8 | exemption for taxation and assessments.-- |
| 9 | (7) Reinsurance companies complying with s. 624.610 may |
| 10 | issue coverage directly to a public housing authority self- |
| 11 | insuring its liabilities under this section. A public housing |
| 12 | authority purchasing reinsurance shall be considered an insurer |
| 13 | for the sole purpose of entering into such reinsurance |
| 14 | contracts. Contracts of reinsurance issued to public housing |
| 15 | authorities self-insuring under this section shall receive the |
| 16 | same tax treatment as reinsurance contracts issued to insurance |
| 17 | companies. However, the purchase of reinsurance coverage by a |
| 18 | public housing authority self-insuring under this section shall |
| 19 | not be construed as authorization to otherwise act as an |
| 20 | insurer. |
| 21 |
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| 22 |
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| 23 | ----------------------------------------------------- |
| 24 | T I T L E A M E N D M E N T |
| 25 | Between lines 148 and 149, insert: |
| 26 | amending s. 624.46226, F.S.; authorizing reinsurance companies |
| 27 | to issue coverage directly to certain public housing authorities |
| 28 | under certain circumstances; specifying that a public housing |
| 29 | authority is considered an insurer under certain circumstances; |
| 30 | requiring that certain reinsurance contracts issued to public |
| 31 | housing authorities receive the same tax treatment as contracts |
| 32 | issued to insurance companies; providing construction; |