Adopted

AMENDMENT NO 1 PROPOSED TO

Cmte Sub for House Bill No.  948

BY: Representatives Chism, Turner

AMEND after line 91 by inserting the following new subsection:

     "(4)  All contracts for personal and professional services entered into by the Mississippi Windstorm Underwriting Association that exceed Seventy-five Thousand Dollars ($75,000.00) in annual payments shall be submitted to the Commissioner of Insurance and the Public Procurement Review Board for review and approval.  This subsection (4) shall not apply to the reinsurance policy itself."