Amendment #1 to H2969

Floor Amendment

Mr. Speliotis of Danvers moves to amend the bill in section 1, in line 69, by striking out the following: "(5) or (7)” and inserting in place thereof the following: “(4) or (6)”, in lines 166 and 170, by striking out the following: “paragraph (6)” and inserting in place thereof, in each instance, the following: “paragraph (5)"; and in line 185, by striking out  the following: “subsection (i)” and inserting in place thereof the following: “paragraph (3) of subsection (f)”;

in section 3, in lines 327 and 328, by striking out the words “the following or corresponding provisions” and inserting in place thereof the words “provisions corresponding to the provisions contained within this subsection,";

and in line 495, by inserting after the word “manual” the following: “, as defined in section 9½,”;

by adding the following section:

“SECTION 5. This act shall take effect as of January 1, 2018.”;

and by inserting before the enacting clause the following emergency preamble:

“Whereas, The deferred operation of this act would tend to defeat its purpose, which is to implement forthwith principle-based reserving for life insurance in the commonwealth, therefore it is hereby declared to be an emergency law, necessary for the immediate preservation of the public convenience.”.