Amendment No. 311

Assembly Amendment to Assembly Bill No. 338 (BDR 57-1432)

Proposed by: Committee on Commerce and Labor

Amendment Box:

Resolves Conflicts with: N/A

Amends: Summary: Title: Preamble: Joint Sponsorship:

ASSEMBLY ACTION Initial and Date | SENATE ACTION Initial and Date

Adopted Lost | Adopted Lost

Concurred In Not | Concurred In Not

Receded Not | Receded Not

Amend section 1, page 1, by deleting lines 2 through 4 and inserting:

"687B.385 [An]

1. Except as otherwise provided in subsection 2, an insurer shall not cancel, refuse to renew or increase the premium for renewal of a policy of casualty or property insurance covering residential property or a policy of motor vehicle insurance covering private passenger cars or".

Amend section 1, page 1, after line 6, by inserting:

"2. The provisions of subsection 1 do not apply if an insurer can demonstrate a substantial and material increase in the risk that is insured beyond that contemplated at the time the policy was issued or last renewed.".

Amend the title of the bill, third line, by deleting "insurance;" and inserting:

"insurance purchased for residential property; providing an exception to the prohibition generally;".

Amend the summary of the bill, first line, by deleting "policy" and inserting:

"certain types of policies".