Be it enacted by the Senate and House of Representatives in General Court assembled, and by the authority of the same, as follows:

SECTION 1. Section 2 of chapter 176 O of the General Laws, as appearing in the 2002 Official Edition, is hereby amended by striking out, in line 17, the figure "12" and inserting in place thereof the following figure:- 24.

SECTION 2. Section 3 of said chapter 176 O, as so appearing, is hereby amended by striking out subsection (f) and inserting in place thereof the following subsection:-

??????????? (f) Accreditation granted to carriers pursuant to this section shall be renewed every 2 years.? The fee for the renewal shall be in an amount determined by the commissioner, but shall not be less than $1,000.