HB2943 H B&I AM 2-9

    The Committee on Banking and Insurance moves to amend the bill on page 2, section 10, line 21, after the word “plan”, by striking the remainder of the sentence and inserting in lieu thereof the following:

    for a period of three years, and thereafter, shall contract with any qualified party, including the then current administrator, to continue the administration of the assigned risk plan: Provided, That the Insurance Commissioner must approve the plan prior to the plan becoming operative.”