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CS/HB 129: Sinkhole Coverage

GENERAL BILL by Regulatory Affairs Committee ; Raburn ; (CO-INTRODUCERS) Campbell

Sinkhole Coverage; Requires Citizens Property Insurance Corporation to submit biannual report on number of residential sinkhole policies requested, issued, & declined & reasons for declining coverage; requires corporation to establish Citizens Sinkhole Stabilization Repair Program for sinkhole claims; prohibits corporation from requiring policyholder to advance payment for stabilization repairs provided under program; provides requirements & procedures for selecting stabilization repair contractors to conduct stabilization repairs; requires stabilization repairs to be conducted pursuant to contract; provides requirements for such contracts; requires policyholder to select contractor from pool within certain time period; specifies additional requirements with respect to program; requires corporation to offer specified deductible amounts for sinkhole loss coverage; requires OPPAGA to conduct study of program & submit report to Governor, CFO, & Legislature; provides severability.

Effective Date: 7/1/2014
Last Action: 5/2/2014 Senate - Died in Banking and Insurance
Location: In committee/council (BI)
Bill Text: PDF
Senate Committee References:
  1. Banking and Insurance (BI)
  2. Appropriations Subcommittee on General Government (AGG)
  3. Appropriations (AP)

Bill History

Date Chamber Action
10/2/2013 House • Filed
11/5/2013 House • Referred to Insurance and Banking Subcommittee; Regulatory Affairs Committee -HJ 17
2/4/2014 House • On Committee agenda-- Insurance and Banking Subcommittee, 02/11/14, 3:30 pm, Sumner Hall
2/11/2014 House • Favorable by Insurance and Banking Subcommittee; YEAS 13 NAYS 0 -HJ 156
2/12/2014 House • Now in Regulatory Affairs Committee -HJ 156
3/4/2014 House • Introduced -HJ 17
4/1/2014 House • On Committee agenda-- Regulatory Affairs Committee, 04/03/14, 8:30 am, Sumner Hall
4/3/2014 House • CS by- Regulatory Affairs Committee; YEAS 12 NAYS 4 -HJ 475
4/7/2014 House • Pending review of CS -under Rule 7.19(c)
• Placed on Calendar -HJ 475
• Placed on Special Order Calendar, 04/09/14
• CS by Regulatory Affairs Committee read 1st time -HJ 470
4/9/2014 House • Read 2nd time -HJ 496
• Placed on 3rd reading
4/11/2014 House • Read 3rd time -HJ 515
• CS passed; YEAS 85 NAYS 25 -HJ 515
4/21/2014 Senate • In Messages
• Referred to Banking and Insurance; Appropriations Subcommittee on General Government; Appropriations -SJ 521
4/22/2014 Senate • Received -SJ 521
5/2/2014 Senate • Died in Banking and Insurance