HB 1215: Property Insurance
GENERAL BILL by Trujillo
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.
Last Action: 5/3/2013 House - Died in Insurance and Banking Subcommittee
Bill Text: PDF
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Bill History
Date Chamber Action 3/1/2013 House • Filed
3/5/2013 House • Introduced -HJ 117
3/8/2013 House • Referred to Insurance and Banking Subcommittee; Government Operations Appropriations Subcommittee; Regulatory Affairs Committee -HJ 212
5/3/2013 House • Died in Insurance and Banking Subcommittee
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HB 1215, Original Filed Version (Current Bill Version) Posted 3/1/2013 at 1:59 PM
Bill Text: PDF Analyses: None Related Bills (2)
Bill Number Subject Filed By Relationship Last Action and Location Track Bills S 1430 Homeowner’s Insurance Simpson Compare Last Action: 5/3/2013 S Died in Banking and Insurance
Location: In committee/council (BI)
S 1498 Sinkhole Insurance Brandes Compare Last Action: 5/3/2013 S Died in Banking and Insurance
Location: In committee/council (BI)
Citations - Statutes (6)
Citation Catchline Location in Bill Location In Bill Help 627.7011 Homeowners’ policies; offer of replacement cost coverage and law and ordinance coverage. Page 2 (pdf) 627.706 Sinkhole insurance; catastrophic ground cover collapse; definitions. Page 4 (pdf) 627.707 Investigation of sinkhole claims; insurer payment; nonrenewals. Page 6 (pdf) 627.7072 Testing standards for sinkholes. Page 11 (pdf) 627.7073 Sinkhole reports. Page 11 (pdf) 627.7074 Alternative procedure for resolution of disputed sinkhole insurance claims. Page 15 (pdf)