The Committee on Labor, Commerce and Industry proposes the following amendment (LC-520.PH0004H):

Amend the bill, as and if amended, by striking SECTION 7 and inserting:

SECTION 7.This act takes effect January 1, 2024, but the recurring examinations by the Department of Insurance provided for in Sections 38-71-2250(B)(1) and 38-71-2340(B)(1) must not begin before January 1, 2025.