General Bill
Property Insurance:
Requires that before issuing homeowner's insurance policy, insurer must offer specified coverage options; revises requirements relating to offer for law & ordinance coverage; requires insurer to make certain sinkhole loss coverage available for additional premium; authorizes residential property insurance policies to include specified deductible amounts; revises definitions of terms "structural damage" & "safety hazard"; provides that insurer must pay initially to stabilize building if sinkhole loss is verified, subject to certain policy limits & terms; requires insurer to pay for certain repairs after completion of building stabilization in accordance with certain policy terms & limits; requires insured to repair sinkhole damage or loss in accordance with insurer's professional engineer's recommendation; deletes provision requiring insurer to pay for repairs in accordance with engineer's recommendation; subjects certain actions relating to stabilization & repairs to coverage limits & policy terms; revises provisions relating to payment of lienholders & other persons for stabilization & repairs; prohibits Citizens Property Insurance Corporation and insurers from nonrenewing property insurance policy under certain circumstances; provides for retroactive application under certain circumstances.
Effective Date:
July 1, 2013
Last Event:
Died in Insurance & Banking Subcommittee on Friday, May 3, 2013 7:16 PM
| Bill #
|
Subject
|
Relationship
|
|
Bill #:
SB 1430
|
Subject:
Homeowner’s Insurance
|
Relationship:
Compare
|
|
Bill #:
SB 1498
|
Subject:
Sinkhole Insurance
|
Relationship:
Compare
|
| Event |
Time |
Member |
Committee |
Ver. |
|
Event:
H Died in Insurance & Banking Subcommittee
|
Time:
05/03/2013 - 7:16 PM
|
Member:
|
Committee:
Insurance & Banking Subcommittee
|
Version:
__
|
|
Event:
H Now in Insurance & Banking Subcommittee
|
Time:
03/08/2013 - 4:53 PM
|
Member:
|
Committee:
Insurance & Banking Subcommittee
|
Version:
__
|
|
Event:
H Referred to Regulatory Affairs Committee
|
Time:
03/08/2013 - 4:53 PM
|
Member:
|
Committee:
Regulatory Affairs Committee
|
Version:
__
|
|
Event:
H Referred to Government Operations Appropriations Subcommittee
|
Time:
03/08/2013 - 4:53 PM
|
Member:
|
Committee:
Government Operations Appropriations Subcommittee
|
Version:
__
|
|
Event:
H Referred to Insurance & Banking Subcommittee
|
Time:
03/08/2013 - 4:53 PM
|
Member:
|
Committee:
Insurance & Banking Subcommittee
|
Version:
__
|
|
Event:
H 1st Reading
|
Time:
03/05/2013 - 11:59 PM
|
Member:
|
Committee:
|
Version:
__
|
|
Event:
H Filed
|
Time:
03/01/2013 - 1:59 PM
|
Member:
Trujillo
|
Committee:
|
Version:
__
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(*) Not the latest version