Jeff Merkley actually said...

Is it upon a 1-year renewal, they get a 1-year policy, then upon renewal of that policy, their rates will go to the unsubsidized?

Thank you.

So are you basically saying we are going to have perhaps hundreds of thousands of new homeowners who are going to have deep shock when they ...

Absolutely. I really appreciate your testimony on that topic when you talked about the 25-percent loss ratio.