Amendment AA1-AB271

LRBa0641/1

PJK:kmg:kaf

1995 - 1996 LEGISLATURE

ASSEMBLY AMENDMENT 1, To 1995 ASSEMBLY BILL 271

March 29, 1995 - Offered by Committee on Insurance, Securities and Corporate Policy.

AB271-AA1,1,1 At the locations indicated, amend the bill as follows:

AB271-AA1,1,2 1. Page 2, line 24: after that line insert:

AB271-AA1,1,3 " Section 6. 611.23 (3) of the statutes is amended to read:

AB271-AA1,1,8 611.23 (3) Inapplicable provisions. Chapters 604 to 607, 612 to 619, 625, 626 and 646 do not apply to such mutuals. The commissioner may by order, after a hearing, exempt such a mutual from any other provisions on a finding that they are unnecessary for the protection of the interests of the municipalities and their citizens.".

AB271-AA1,1,9 (End)