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Amend Amendment No. 1 by Smithee to CSSB 14 by inserting the
following items to the amendment:
(__) In SECTION 1.01 of the bill, in added Section
2(a)(3)(A), Article 5.142 (page 2, line 12, house committee
printing), strike "110 percent of the industry median for those
expenses" and substitute "the industry median for those expenses by
10 percent or more".
(__) In SECTION 1.01 of the bill, in added Section 5(j),
Article 5.142, Insurance Code (page 12, lines 7-8, house committee
printing), strike "the lesser of 107.5 percent of the rate approved
by the commissioner or 110 percent of any rate used by the insurer
within the previous 12-month period", and substitute "the lesser of
7.5 percent more than the rate approved by the commissioner or 10
percent more than any rate used by the insurer within the previous
12-month period".
(__) In renumbered SECTION 4.08 of the bill, in added Section
13, Article 5.13-2, Insurance Code (page 48, lines 18-20, house
committee printing), strike Subsection (e) and substitute the
following:
(e) For purposes of this section, "nonstandard rates" means
rates that are 30 percent or more above the standard rate index as
determined by the commissioner under this section.