AMENDMENTS PROPOSED BY THE SENATE COMMITTEE ON COMMERCE AND LABOR

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reinsurance

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the ceding of reinsurance on a specific or aggregate excess of loss basis

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and

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, (comma)

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and accounting

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. (period)

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; however, any group self-insurance association entering into a reinsurance transaction pursuant to the provisions of this section shall be deemed an insurer for purposes of such transaction and shall be subject to Section 1301.1 and Article 3.1 of Chapter 13 of Title 38.2.