House File 489 S-3253 Amend House File 489, as amended, passed, and 1 reprinted by the House, as follows: 2 1. Page 1, before line 1 by inserting: 3 < Section 1. Section 123.92, subsection 2, Code 4 2013, is amended to read as follows: 5 2. a. Every liquor control licensee and class 6 “B” beer permittee, except a class “E” liquor 7 control licensee, shall furnish proof of financial 8 responsibility by the existence of a liability 9 insurance policy in an amount determined by the 10 division. If an insurer provides dramshop liability 11 insurance at a new location to a licensee or permittee 12 who has a positive loss experience at other locations 13 for which such insurance is provided by the insurer, 14 and the insurer bases premium rates at the new location 15 on the negative loss history of the previous licensee 16 or permittee at that location, the insurer shall 17 examine and consider adjusting the premium for the 18 new location not less than thirty months after the 19 insurance is issued, based on the loss experience of 20 the licensee or permittee at that location during that 21 thirty-month period of time. 22 b. A dramshop liability insurance policy may be 23 written on an aggregate limit basis. 24 c. The purpose of dramshop liability insurance 25 is to provide protection for members of the public 26 who experience damages as a result of licensees or 27 permittees serving patrons beer, wine, or intoxicating 28 liquor to a point that reaches or exceeds the standard 29 set forth in law for liability. Minimum coverage 30 requirements for such insurance are not for the purpose 31 of making the insurance affordable for all licensees or 32 permittees regardless of claims experience. A dramshop 33 liability insurance policy obtained by a licensee or 34 permittee shall meet the minimum insurance coverage 35 requirements as determined by the division and is a 36 mandatory condition for holding a license or permit. > 37 2. Title page, line 1, by striking < under the 38 purview of > and inserting < involving insurance and > 39 ______________________________ MATT McCOY -1- HF489.2311 (4) 85 av/nh 1/ 1 #1. #2.