View Amendment Current Amendment: 569C001.AGM.AB14.docx to Bill 576     The Banking and Insurance Committee proposed the following amendment (AGM\569C001.AGM.AB14):
    Amend the bill, as and if amended, by adding an appropriately numbered penultimate SECTION to read:

/SECTION     __.     The Department of Insurance shall conduct a study to assess the feasibility of the creation of a hurricane model by the State, with particular emphasis on the associated costs and physical/logistical requirements. The study also must assess the benefits to consumers of a South Carolina-produced model, including an evaluation of whether it would yield more accurate assessments of risk and better rates. The department shall summarize its findings in a written report that it must provide to the Senate Banking and Insurance Committee and the House Labor, Commerce and Industry Committee before January 1, 2015./
    Renumber sections to conform.
    Amend title to conform.