Amendment SA2-SB372

LRBa2455/1

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1995 - 1996 LEGISLATURE

SENATE AMENDMENT 2, To 1995 SENATE BILL 372

November 14, 1995 - Offered by Committee on Insurance.

SB372-SA2,1,1 At the locations indicated, amend the bill as follows:

SB372-SA2,1,3 1. Page 14, line 15: delete lines 15 to 18 and substitute: "promulgate any rules that do any of the following:

SB372-SA2,1,5 1. Alter the statutory priorities for distributing assets out of an estate, except pursuant to rules promulgated under par. (c).

SB372-SA2,1,9 2. Directly relate to guaranty associations, including but not limited to rules governing coverage, funding or assessment mechanisms. It is the intent of this compact that the commission not promulgate any rules that regulate, restrict or otherwise affect the operations of guaranty associations.".

SB372-SA2,1,10 (End)