Amendment No. 634

Senate Amendment to Senate Bill No. 224 (BDR 57-596)

Proposed by: Committee on Commerce and Labor

Amendment Box: Replaces Amendment No. 152.

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 2, line 11, by deleting "All" and inserting:

"[All] Except as otherwise provided in subsection 6, all".

Amend section 1, page 2, by deleting lines 17 and 18 and inserting:

"subsection. The annual amount so assessed to each reinsurer that has the authority to assume only reinsurance must not exceed $500 . [per authorized insurer.] Except as otherwise provided in this subsection, the annual amount assessed to each insurer:".

Amend section 1, page 2, by deleting lines 35 and 36 and inserting:

"6. The provisions of this section do not apply to an insurer who provides only worker’s compensation insurance and pays the assessment provided in NRS 232.680.

7. As used in this section, "reinsurer" has the meaning ascribed to it in NRS 681A.370.".

Amend the bill as a whole by deleting sec. 3 and renumbering sec. 4 as sec. 3.

Amend the title of the bill, by deleting the fourth and fifth lines and inserting:

"violations and fraudulent acts of insurers; and providing other matters properly relating".