Amendment No. 641

Senate Amendment to Senate Bill No. 140 (BDR 57-468)

Proposed by: Committee on Commerce and Labor

Amendment Box: Replaces Amendments Nos.142 and 391.

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, line 3, before "If" by inserting "1.".

Amend section 1, page 1, by deleting lines 6 and 7 and inserting:

"provide with each notice of renewal sent to its insureds a statement that a portion of the premium is attributable to the general premium tax.

2. If an insurer includes any portion of any annual fees or assessments that it is required to pay to the State of Nevada in the amount billed to its insureds for the premium for insurance, the insurer may provide with each notice of renewal sent to its insureds a statement that a portion of the premium is attributable to the annual fees or assessments that it is required to pay to the State of Nevada.".

Amend the bill as a whole by adding a new section designated sec. 3, following sec. 2, to read as follows:

"Sec. 3. This act becomes effective on July 1, 2000.".

Amend the title of the bill to read as follows:

"AN ACT relating to insurance; requiring insurers to include certain information concerning premiums for insurance with notices of renewal sent to insureds; and providing other matters properly relating thereto.".

Amend the summary of the bill to read as follows:

"SUMMARY—Requires insurers to include certain information concerning premiums for insurance with notices of renewal. (BDR 57-468)."