5194 AMS KEIS MEND 001

ADOPTED 03/08/2005

SB 5194 - S AMD 93

By Senator Keiser

On page 7, line 16, after "that the" strike "fund" and insert "net fund balance".

Renumber the sections consecutively and correct any internal references accordingly.

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EFFECT: Clarifies that the association may not assess if the net balance of the fund exceeds four percent of the aggregate net direct premium for the calendar year for affected insurers.