Florida Senate - 2015                        COMMITTEE AMENDMENT
       Bill No. SB 1190
       
       
       
       
       
       
                                Ì388574OÎ388574                         
       
                              LEGISLATIVE ACTION                        
                    Senate             .             House              
                  Comm: RCS            .                                
                  03/17/2015           .                                
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       The Committee on Banking and Insurance (Lee) recommended the
       following:
       
    1         Senate Amendment 
    2  
    3         Delete lines 139 - 150
    4  and insert:
    5  issue a health benefit plan or long-term care insurance policy,
    6  the greater of:
    7         1. Four percent of the insurer’s total liabilities, plus 6
    8  percent of the insurer’s liabilities relative to health
    9  insurance;
   10         2. Two percent of the insurer’s total annualized premium
   11  relative to health insurance; or
   12         3. If the insurer:
   13         a. Does not hold a certificate of authority before the
   14  effective date of this act, $10 million; or
   15         b. Holds a certificate of authority before the effective
   16  date of this act, $1.5 million until June 30, 2017; $3 million
   17  on or after July 1, 2017, and until June 30, 2021; $6 million on
   18  or after July 1, 2021, and until June 30, 2025; and $10 million
   19  on or after July 1, 2025.
   20  
   21  The office may reduce the surplus requirement imposed under sub
   22  subparagraph 3.a. or sub-subparagraph 3.b. if the office finds
   23  the reduction to be in the public