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HB 655: Condominium Windstorm Pilot Program

GENERAL BILL by Cassel ; (CO-INTRODUCERS) Bartleman ; Cross ; Eskamani ; Hunschofsky ; Joseph ; Lopez, V. ; Woodson

Condominium Windstorm Pilot Program; Requires OIR to establish Condominium Windstorm Pilot Program for specified purpose; requires office to submit certain information to Legislature by specified date; provides for expiration of program; requires majority vote of total voting interests of condominium association in order to participate in program; provides requirements for associations to participate in program; requires insurance policies issued under program to align with estimated reserves of association; authorizes office, in collaboration with other stakeholders, to create certain educational materials.

Effective Date: 7/1/2024
Last Action: 3/8/2024 House - Died in Insurance & Banking Subcommittee
Bill Text: PDF

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  • Bill History

    Date Chamber Action
    11/27/2023 House • Filed
    12/7/2023 House • Referred to Insurance & Banking Subcommittee
    • Referred to State Administration & Technology Appropriations Subcommittee
    • Referred to Commerce Committee
    • Now in Insurance & Banking Subcommittee
    1/9/2024 House • 1st Reading (Original Filed Version)
    3/8/2024 House • Died in Insurance & Banking Subcommittee

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  • HB 655, Original Filed Version (Current Bill Version) Posted 11/27/2023 at 3:46 PM

    Bill Text:   PDF
    Analyses:   None

    Related Bills (1)

    Bill Number Subject Filed By Relationship Last Action and Location Track Bills
    S 802 Condominium Windstorm Pilot Program Rodriguez Identical Last Action: 3/8/2024 S Died in Banking and Insurance

    Citations - Statutes (2)

    Citation Catchline Location in Bill Location In Bill Help
    627.351 Insurance risk apportionment plans. Page 2 (pdf)
    718.111 The association. Page 4 (pdf)

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