Senate Financial Instruments Bill Now Identical to Insurance-Amended House Version
Apr 28, 2009
Senate Bill 732 was amended in the Senate on second reading today, April 28, 2009, to include reauthorization of the Florida Hurricane Catastrophe Fund $10 million drop-down layer for certain companies. An amendment to the bill by Senator Mike Haridopolis relating to title loans was withdrawn.
Through the amendment process, SB 732 is now identical to HB 569, which was amended in a similar manner on April 27.
The bills will now serve as a “backup” in the event that the House or Senate omnibus property insurance packages, SB 1950 or HB 1495, are not passed, or are vetoed.
SB 732 is expected to be considered by the Senate on April 29.
For additional information on Florida’s legislative process and terminology, click here.
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