STATEMENT TO

[First Reprint]

SENATE, No. 61

with Senate Floor Amendments

(Proposed By Senator CAFIERO)

ADOPTED: FEBRUARY 5, 1996

      This amendment clarifies that the point reductions for purposes of calculating surcharges on automobile insurance policies provided by the bill are not to be used to determine whether an insured is to be written in the voluntary market or the residual market (personal automobile insurance plan).