093_SB0559sam001











                                     LRB093 02174 JLS 11564 a

 1                    AMENDMENT TO SENATE BILL 559

 2        AMENDMENT NO.     .  Amend Senate Bill  559  on  page  2,
 3    line  7,  by replacing "not" with "or reinsurance costs not";
 4    and

 5    on  page  2  by  replacing  lines  12  through  14  with  the
 6    following:
 7    "If the company intends to increase the premium on  a  policy
 8    by  30% or more and the renewal date is less than 60 but more
 9    than 30 days away, then the company must extend  the  current
10    policy under the same terms, conditions, and premium to allow
11    60  days  notice  of  renewal  and provide the actual renewal
12    premium quotation and any change in coverage or deductible on
13    the policy.  The proof of mailing requirements in  subsection
14    (a) do not apply to this subsection."; and

15    on  page  2,  line  31, by replacing "The" with "The proof of
16    mailing requirements in subsection (a) do not apply  to  this
17    subsection.".