Senate Amendment 3282


PAG LIN




     1  1    Amend House File 499, as passed by the House, as
     1  2 follows:
     1  3 #1.  Page 15, by inserting after line 13, the
     1  4 following:
     1  5    <Sec.    .  Section 521G.6, subsection 6, Code
     1  6 2007, is amended to read as follows:
     1  7    6.  A protected cell company shall only attribute
     1  8 to a protected cell account the insurance obligations
     1  9 relating to the protected cell company's general
     1 10 account.  A protected cell company shall not issue an
     1 11 insurance or reinsurance contract directly to a
     1 12 policyholder or reinsured, and shall not have an
     1 13 obligation to a policyholder or reinsured of the
     1 14 protected cell company's general account.>
     1 15 #2.  Page 19, by striking line 9, and inserting the
     1 16 following:
     1 17    <Sec.    .  Sections 505.26, 523.5, and 523.6, Code
     1 18 2007, are>.
     1 19 #3.  Title page, line 12, by inserting after the
     1 20 word <contracts,> the following:  <protected cell
     1 21 companies,>.
     1 22 #4.  By renumbering as necessary.
     1 23
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     1 25                               
     1 26 COMMITTEE ON COMMERCE
     1 27 STEVE WARNSTADT, CHAIRPERSON
     1 28 HF 499.702 82
     1 29 av/gg/8922
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