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1996 SESSION

  • print version
(HB417)

GOVERNOR'S RECOMMENDATION

    1. Page 2, enrolled, line 27, after Form 10-K

      insert

        or Form 20-F

    2. Page 2, enrolled, line 29, after Form 10-K

      insert

        or Form 20-F

    3. Page 2, enrolled, line 31, after Form 10-K

      insert

        or Form 20-F

    4. Page 2, enrolled, after line 33

      insert

        E. In lieu of compliance with subsection D, a third party obligor may demonstrate financial responsibility by filing with the Commissioner a copy of a liability insurance policy issued by an insurer authorized to transact business in this Commonwealth and which covers one hundred percent of the obligor's service contract liabilities, including the administration of claims and the cost for such administration. Reimbursement insurance policies filed pursuant to this section may not be cancelled by either the third party obligor or the issuing insurer without providing sixty days' notice to the Commissioner.