Amendment AA10-AB4

LRBa0402/2

PJK:jld:rs

2011 - 2012 LEGISLATURE

ASSEMBLY AMENDMENT 10, TO 2011 ASSEMBLY BILL 4

February 2, 2011 - Offered by Representatives Molepske Jr and Clark.

AB4-AA10,1,1 At the locations indicated, amend the bill as follows:

AB4-AA10,1,2 1. Page 12, line 1: after that line insert:

AB4-AA10,1,3 " Section 27m. Nonstatutory provisions.

AB4-AA10,2,2 (1) Study and report on premium rates. The commissioner of insurance shall conduct a study on motor vehicle insurance coverage limits in this state and motor vehicle insurance premium rates in this state. Among other things, the study shall include an examination of how insurance coverage limits are affected by minimum limit requirements, the extent to which insurance premiums rise as limits are increased and fall as limits are decreased, the coverage limits that have the greatest effect on premium rates, the effect that requiring minimum limits has on premium rates, and how coverage limits and premium rates in this state compare with coverage limits and premium rates in other states. No later than July 1, 2012, the commissioner shall submit to the appropriate standing committees of the legislature in the manner provided under section 13.172 (3) of the statutes a report on the commissioner's findings from the study.".

AB4-AA10,2,3 (End)