(Doc Name COUNCIL\MS\3701C001.MS.DG15.DOCX):
EXPLANATION:
Amend the bill, as and if amended, Part IB, Section 78,
DEPARTMENT OF INSURANCE, page 479, after line 9, by adding an
appropriately numbered paragraph to read:
/ 78.___. (INS: Regulation
Review) In the current fiscal year,
from the funds appropriated to the department of insurance, the
director shall conduct a review of current regulations related
to real property insurance coverage to determine the best
methods for providing fleixibility to consumers. The review
shall include the requirements of certain amounts of coverage
and penalties. By January 1, 2016, the director shall report
his findings to the House and Senate Labor, Commerce and
Industry Committees. If the director determines that more
flexibility could be provided to the consumers, then the report
must include his recommendations.
/
Renumber sections to conform.
Amend totals and titles to conform.