Lost

AMENDMENT NO 3 TO COMMITTEE AMENDMENT NO 1 PROPOSED TO

House Bill No.   13

BY: Senator(s) Walls

     AMEND by inserting the following new section after line 831 and renumbering any succeeding section(s):

     SECTION *.  All insurance companies writing insurance in the State of Mississippi shall roll back premium rates to the amount charged on January 1, 2004, unless such roll back shall result in an increase in premium rates.  The Commissioner of Insurance shall enforce compliance with the provisions of this section.  Any insurance company who violates the provisions of this section shall, upon conviction, be fined Fifty Thousand Dollars ($50,000.00) for each violation.

     FURTHER AMEND the title to conform.