HB 1545-1_ Filed 03/28/2003, 09:41

COMMITTEE REPORT




MR. PRESIDENT:

    The Senate Committee on Insurance and Financial Institutions, to which was referred House Bill No. 1545, has had the same under consideration and begs leave to report the same back to the Senate with the recommendation that said bill be AMENDED as follows:

SOURCE: Page 2, line 10; (03)AM154505.2. -->     Page 2, line 10, reset in roman "(a) During the period that a".
    Page 2, line 10, after "a" insert " resident".
    Page 2, line 10, reset in roman "surplus lines".
    Page 2, reset in roman lines 11 through 17.
    Page 2, line 18, reset in roman "termination. Upon termination of a".
    Page 2, line 18, after "of a" insert " resident".
    Page 2, line 18, reset in roman "license for which a bond was in".
    Page 2, reset in roman lines 19 through 22.
    Page 2, line 23, reset in roman "(b) A".
    Page 2, line 23, after "A" insert " resident".
    Page 2, line 23, reset in roman "surplus lines producer shall, at the time of an initial filing".
    Page 2, reset in roman lines 24 through 25.
    Page 2, line 26, reset in roman "year, the".
    Page 2, line 26, after "year, the" insert " resident".
    Page 2, line 26, reset in roman "surplus lines producer shall file proof that the bond remains".
    Page 2, reset in roman lines 27 through 28.
    Page 2, line 29, reset in roman "(c)".
    Page 2, line 29, delete "(a)".
    Page 2, line 40, reset in roman "(d)".
    Page 2, line 40, delete "(b)".
    Page 3, line 16, reset in roman "(e)".
    Page 3, line 16, delete "(c)".
    Page 3, line 26, reset in roman "(f)".
    Page 3, line 26, delete "(d)".
    Page 3, line 30, reset in roman "(g)".
    Page 3, line 30, delete "(e)".
    Page 3, line 35, reset in roman "(h)".
    Page 3, line 35, delete "(f)".
    Page 3, line 37, reset in roman "(i)".
    Page 3, line 37, delete "(g)".
    Page 3, line 42, reset in roman "(j)".
    Page 3, line 42, delete "(h)".
    (Reference is to HB 1545 as printed February 7, 2003.)

and when so amended that said bill do pass .

Committee Vote: Yeas 7, Nays 0.

____________________________________

Senator Paul, Chairperson


AM 154505/DI 105    2003