HB4466 S B&I AM #1

Casey  7988

The Committee on Banking and Insurance moved to amend the bill on page one, section two, line three, after the word “evidence” by inserting the words “or confirmation of the existence”;

On page one, section two, line four, after the word “a” by inserting the words “statement of declaration,”;

On page two, section six, line one, after the word “issued” by inserting the words “in connection with a property or casualty insurance policy issued or renewed on or after July 1, 2020, and”;

On page three, section seven, lines four through six, by striking out all of subsection (b) and inserting in lieu thereof a new subsection, designated subsection (b), to read as follows:

(b) The commissioner may enforce the provisions of this article by any means permissible in this chapter, including by issuing orders to cease and desist. Any person who violates a provision of this article may, after notice and hearing pursuant to §33-2-13 of this code, be fined by the commissioner a sum not to exceed $1,000 per violation.;

And,

On page three, section seven, line eight, by striking out “§29-3-1” and inserting in lieu thereof “§29A-3-1”.

Adopted

Rejected