SB 408, by Sen Garrett Richter, was once again delayed from reaching a final vote in committee. On Tuesday, the Senate Budget Committee took up the bill, along with 12 amendments filed by Sen. Mike Fasano. While the committee disposed of the first four amendments, the committee voted 11-8 to adopt the fifth amendment, much to the surprise of the bill sponsor and various stakeholders. The fifth amendment permanently reinstates the “file and use” requirement for property insurance filings that seek to increase the rate most recently approved by the Office of Insurance Regulation; the bill repealed this section, which had already expired by on December 31, 2010. After the adoption of the amendment, Chairman J.D. Alexander moved to temporarily postpone the bill in order to take up other bills that remained on the committee agenda. The bill will be taken up again in the Budget Committee on Tuesday, March 22.