HB 1431: Insurance
GENERAL BILL by Roach ; (CO-INTRODUCERS) Roth
Insurance; Provides & revises provisions related to recovery of damages, writing of private passenger automobile insurance, surplus requirements, homeowners' insurance, unfair methods of competition or unfair or deceptive acts or practices, payment of certain bonuses by insolvent insurers, claims for water damage, inspections, roof deductibles, insured in active military service, appraisals, evidence in certain proceedings, alternative dispute resolution, & joint offers of judgment or settlement.
Effective Date: 7/1/2023
Last Action: 5/5/2023 House - Died in Insurance & Banking Subcommittee; companion bill(s) passed, see CS/SB 7052 (Ch. 2023-172)
Bill Text: PDF
Last Action: 5/5/2023 House - Died in Insurance & Banking Subcommittee; companion bill(s) passed, see CS/SB 7052 (Ch. 2023-172)
Bill Text: PDF
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Bill History
Date Chamber Action 3/3/2023 House • Filed
3/7/2023 House • 1st Reading (Original Filed Version)
3/9/2023 House • Referred to Insurance & Banking Subcommittee
• Referred to State Administration & Technology Appropriations Subcommittee
• Referred to Commerce Committee
• Now in Insurance & Banking Subcommittee
5/5/2023 House • Died in Insurance & Banking Subcommittee; companion bill(s) passed, see CS/SB 7052 (Ch. 2023-172)
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HB 1431, Original Filed Version (Current Bill Version) Posted 3/3/2023 at 11:18 AM
Bill Text: PDF Analyses: None Related Bills (4)
Bill Number Subject Filed By Relationship Last Action and Location Track Bills S 1340 Insurance Grall Similar Last Action: 5/5/2023 S Died in Banking and Insurance, companion bill(s) passed, see CS/SB 7052 (Ch. 2023-172) 
H 7065 (c1) Insurer Accountability Appropriations Committee Compare Last Action: 5/2/2023 H Laid on Table; companion bill(s) passed, see CS/SB 7052 (Ch. 2023-172)
S 1528 Surplus Requirements for Residential Property Insurers Stewart Compare Last Action: 5/5/2023 S Died in Banking and Insurance
S 7052 (er) Insurer Accountability Banking and Insurance Compare Last Action: 6/1/2023 Chapter No. 2023-172
Citations - Statutes (22)
Citation Catchline Location in Bill Location In Bill Help 624.155 Civil remedy. Page 4 (pdf) 624.3161 Market conduct examinations. Page 5 (pdf) 624.4055 Restrictions on existing private passenger automobile insurance. Page 6 (pdf) 624.407 Surplus required; new insurers. Page 7 (pdf) 624.408 Surplus required; current insurers. Page 8 (pdf) 624.424 Annual statement and other information. Page 9 (pdf) 626.9201 Notice of cancellation or nonrenewal. Page 13 (pdf) 626.9541 Unfair methods of competition and unfair or deceptive acts or practices defined. Page 13 (pdf) 627.0613 Consumer advocate. Page 23 (pdf) 627.351 Insurance risk apportionment plans. Page 25 (pdf) 627.35191 Required reports. Page 25 (pdf) 627.4133 Notice of cancellation, nonrenewal, or renewal premium. Page 27 (pdf) 627.420 Binders. Page 28 (pdf) 627.701 Liability of insureds; coinsurance; deductibles. Page 29 (pdf) 627.7011 Homeowners’ policies; offer of replacement cost coverage and law and ordinance coverage. Page 30 (pdf) 627.70111 Page 31 (pdf) 627.70131 Insurer’s duty to acknowledge communications regarding claims; investigation. Page 31 (pdf) 627.70132 Notice of property insurance claim. Page 32 (pdf) 627.70152 Suits arising under a property insurance policy. Page 33 (pdf) 627.70155 Page 35 (pdf) 627.702 Valued policy law. Page 36 (pdf) 768.79 Offer of judgment and demand for judgment. Page 36 (pdf)