FORTY-EIGHTH LEGISLATURESB 226/a

SECOND SESSION, 2008

February 6, 2008

Madam President:

    Your CORPORATIONS AND TRANSPORTATION COMMITTEE, to whom has been referred

SENATE BILL 226

has had it under consideration and reports same with recommendation that it DO PASS, amended as follows:

    1. On page 2, line 3, after the period, insert "In the event a misstatement in an application is made that is not fraudulent or willful, the issuer of the policy may prospectively rate and collect from the insured the premium that would have been charged to the insured at the time the policy was issued had such misstatement not been made.".

                               Respectfully submitted,

                               __________________________________

                               Shannon Robinson, Chairman

Adopted_______________________ Not Adopted_______________________

          (Chief Clerk) (Chief Clerk)

                  Date ________________________

The roll call vote was 9 For 0 Against

Yes:     9

No:      0

Excused: None

Absent:  None

SB0226CT1                                              .173045.1