SB 578-1_ Filed 04/07/2011, 07:42 Lehman


Text Box


    PREVAILED      Roll Call No. _______
    FAILED        Ayes _______
    WITHDRAWN        Noes _______
    RULED OUT OF ORDER


[

HOUSE MOTION ____

]

MR. SPEAKER:

    I move that Engrossed Senate Bill 578 be amended to read as follows:

SOURCE: Page 10, line 34; (11)MO057805.10. -->     Page 10, line 34, delete ",".
    Page 17, line 32, delete "2." and insert " 3.".
    Page 17, line 35, delete "3." and insert " 4.".
    Page 17, line 38, delete "4." and insert " 5.".
    Page 17, line 41, delete "5." and insert " 6.".
    Page 18, line 20, delete "6." and insert " 7.".
    Page 18, line 21, delete "5" and insert " 6".
    Page 25, line 6, delete "If" and insert " (a) Subject to subsection (b), if".
    Page 25, line 7, delete "state" and insert " Indiana".
    Page 25, between lines 9 and 10, begin a new paragraph and insert:
    " (b) The Indiana department of insurance shall not enter into a contract under subsection (a) (including a compact or multistate agreement) that is related to reporting, payment, collection, or allocation of fees or taxes on nonadmitted insurance, unless the Indiana department of insurance has done all of the following:
        (1) Completed a fiscal analysis of the impact of the contract.
        (2) Studied the expected effect of the contract on Indiana's gross receipt of premium tax.
        (3) Reviewed whether the contract will create undue administrative burdens on the state of Indiana or surplus lines licensees.
        (4) Concluded that entering into the contract:
            (A) is in Indiana's financial best interest; and
            (B) is consistent with the requirements of the NRRA.
".
    Page 27, line 15, after "IC 1-1-1-8(b)" insert " ,".
    (Reference is to ESB 578 as printed April 5, 2011.)

________________________________________

Representative Lehman


MO057805/DI 97     2011