Florida Senate - 2019                          SENATOR AMENDMENT
       Bill No. CS for CS for CS for SB 122
       
       
       
       
       
       
                                Ì238720ÆÎ238720                         
       
                              LEGISLATIVE ACTION                        
                    Senate             .             House              
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                 Floor: NC/2R          .                                
             04/23/2019 12:43 PM       .                                
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       Senator Cruz moved the following:
       
    1         Senate Amendment (with title amendment)
    2  
    3         Delete lines 368 - 375
    4  and insert:
    5         Section 4. A property insurer may not implement rate
    6  changes in 2019 for DP-3 or HO-3 policies. A DP-3 or HO-3
    7  property insurance policy issued in years 2020 to 2023 must
    8  provide rate savings to consumers if it is restricted-in-part or
    9  restricted-in-whole. A restricted-in-part policy must be
   10  provided at a 7.5 percent lower cost to the consumer than an
   11  unrestricted policy. A restricted-in-whole policy must be
   12  provided at a 7.5 percent lower cost than a restricted-in-part
   13  policy, or at a 15 percent lower cost than an unrestricted
   14  policy if no restricted-in-part policy is offered by the
   15  insurer.
   16  
   17  ================= T I T L E  A M E N D M E N T ================
   18  And the title is amended as follows:
   19         Delete lines 40 - 45
   20  and insert:
   21         benefits; providing an exception; prohibiting property
   22         insurers from implementing rate changes for certain
   23         policies during a certain year; requiring that certain
   24         property insurance policies with certain restrictions
   25         which are issued during a certain timeframe provide
   26         specified rate savings to consumers; providing