LOVAS FLOOR AMENDMENT
HOUSE OF REPRESENTATIVES AMENDMENTS TO S.B. 1243
(Reference to the INSURANCE AND RETIREMENT Committee amendment)
Page 1, lines 32 and 33, strike "WAS ORGANIZED BEFORE 1880" insert "is a non-profit military mutual aid association"
Page 2, line 2, after "PROVIDE" insert "life"; strike "OTHER BENEFITS" insert "annuities"
Page 3, lines 8 and 10, strike "INSURER" insert "association or order"
Line 11, strike "INSUREDS" insert "members"
Line 14, strike "IS" insert "intends on"
Line 15, strike "ARTICLE" insert "title shall provide proof satisfactory to the department that it is a nonprofit organization that is exempt from taxation under section 501(c) of the internal revenue code and"
Line 16, strike "MAY" insert "june"; after "EACH" insert "preceding"
Line 17, after "ITS" insert "statutory"
Line 19, after "ACCOUNTANT" insert "together with an actuarial memorandum issued by a qualified actuary pursuant to section 20-696.04"
Strike line 20, insert "at the determination of the director. the statement and actuarial memorandum are approved thirty days after filing unless the director, within the thirty day period, has issued an order affirmatively approving or disapproving the filing."
Line 29, strike "1" insert "2"