350 million is the amount set aside to pay off  Insurance companies to take policies and keep them for at least 10 years. This is a Bail out program said Senator Mike faano again, but the differance is that we are also trying to bail out the consumer with prices that could come back in line if this works.If the Senator has better options then he should present them in the next session. We will not know for several years, but this could really help or not??? In any event, please enjoy the article below  and please call L & S Insurance at 1-888-244-7400 for quotes on Home, Auto, Flood, Business & COmmercial and even Life Insurance quotes.