LRBa1847/1
TJD:cjs:md
2009 - 2010 LEGISLATURE
SENATE AMENDMENT 2,
TO 2009 SENATE BILL 516
March 19, 2010 - Offered by Committee on Judiciary, Corrections, Insurance,
Campaign Finance Reform, and Housing
.
SB516-SA2,1,11 At the locations indicated, amend the bill as follows:
SB516-SA2,1,3 21. Page 2, line 3: after "requirements," insert "appointment of special deputy
3commissioner to rehabilitate an insurer,".
SB516-SA2,1,4 42. Page 15, line 15: after that line insert:
SB516-SA2,1,5 5" Section 34p. 645.33 (1) of the statutes is amended to read:
SB516-SA2,2,26 645.33 (1) Special deputy commissioner. The rehabilitator shall make every
7reasonable effort to employ an active or retired senior executive from a successful
8insurer to serve as
may appoint a special deputy commissioner to rehabilitate the
9insurer. The special deputy commissioner shall have all of the powers of the
10rehabilitator granted under this section. To obtain a suitable special deputy, the
11commissioner may consult with and obtain the assistance and advice of executives
12of insurers doing business in this state.
Subject to court approval, the rehabilitator
13shall make such arrangements for compensation as are necessary to obtain a special

1deputy commissioner of proven ability. The special deputy commissioner shall serve
2at the pleasure of the rehabilitator.".
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