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2005 SESSION

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SB 913 Insurance rates; revises criteria for qual. as large commercial risk by reducing elig. threshold.

Introduced by: Thomas K. Norment, Jr. | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Insurance rates; large commercial risks.  Revises the criteria for qualification as a large commercial risk by reducing the eligibility threshold for net worth from $10 million to $2 million; for annual revenues from $25 million to $2 million; for full time employees from 80 to 10; for aggregate insurance payments from $100,000 to $25,000; and for annual budgeting expenditures for nonprofit organizations or public bodies from $10 million to $5 million.


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