HB 9A (2022) -  Insurance

by Driskell (CO-SPONSORS) Arrington; Bartleman; Benjamin; Bracy Davis; Campbell; Casello; Cassel; Chambliss; Cross; Daley; Dunkley; Edmonds; Eskamani; Gantt; Gottlieb; Harris; Hart; Hinson; Hunschofsky; Joseph; López, J.; Nixon; Rayner; Robinson, F.; Skidmore; Tant; Valdés; Waldron; Williams; Woodson
Creates Property Insurance Commission; provides for election of Commissioner of Insurance Regulation; revises homeowners' eligibility criteria for mitigation grants; requires interests earned on insurance proceeds received by mortgagees & assignees to be paid to insureds; prohibits property insurers from claiming insolvency under certain circumstances; authorizes persons that engage in property insurance activities in other states to engage in insurance activities in this state only under certain circumstances; requires property insurers to cap premiums or to create sliding fee scales for premium rates; prohibits property insurers from using certain defenses as claims denials; revises requirements for risk assignment agreements; provides duties of OIR; requires DFS to adopt rules regarding allegations of insurance fraud; requires OPPAGA to conduct study of effectiveness of property insurance mediation program; increases appropriation to specified program.
Effective Date: July 1, 2023
Last Event: Died, introduction refused on Friday, December 16, 2022 11:59 PM

Related Bills

Staff Analysis

(None Available)

Vote History

(No Votes Recorded)

Bill History

Event Time Member Committee Ver.
Event: H Died, introduction refused Time: 12/16/2022 - 11:59 PM Member: Committee: Version: __
Event: H Introduction refused Time: 12/12/2022 - 10:35 AM Member: Committee: Version: __
Event: H Filed Time: 12/11/2022 - 4:15 PM Member: Driskell Committee: Version: __