| 1 | Representative Wood offered the following: |
| 2 |
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| 3 | Amendment (with title amendment) |
| 4 | Between lines 182 and 183, insert: |
| 5 | Section 8. Subsection (11) of section 631.717, Florida |
| 6 | Statutes, is amended to read: |
| 7 | 631.717 Powers and duties of the association.- |
| 8 | (11) The association shall not be liable for any civil |
| 9 | action under s. 624.155 arising from any acts alleged to have |
| 10 | been committed by a member insurer prior to its liquidation. |
| 11 | This subsection does not affect the association's obligation to |
| 12 | pay valid insurance policy or contract claims if warranted after |
| 13 | its independent de novo review of the policies, contracts, and |
| 14 | claims presented to it, whether domestic or foreign, after a |
| 15 | Florida domestic rehabilitation or a liquidation ; however, this |
| 16 | subsection does not affect the association's obligation to pay |
| 17 | valid claims presented to it. |
| 18 |
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| 19 | ----------------------------------------------------- |
| 20 | T I T L E A M E N D M E N T |
| 21 | Remove line 32 and insert: |
| 22 | date; amending s. 631.717, F.S.; providing that specified |
| 23 | provisions relieving the Florida Life and Health Insurance |
| 24 | Guaranty Association of liability for certain acts of a member |
| 25 | insurer do not relieve the association of liability for valid |
| 26 | insurance policy or contract claims if warranted after a |
| 27 | specified review; providing an effective date. |