SB 1498: Sinkhole Insurance
GENERAL BILL by Brandes
Sinkhole Insurance; Providing that an insurer must pay for stabilizing a structure if a sinkhole loss is verified, using a stabilization method that includes a specified type of warranty; requiring a policyholder who is paid by an insurer to stabilize a structure to repair the sinkhole; providing that a specified report to determine the presence or absence of sinkhole loss or other cause of damage is to be considered the jointly owned property of the insurer and the policyholder, etc.
Effective Date: 7/1/2013
Last Action: 5/3/2013 Senate - Died in Banking and Insurance
Bill Text: Web Page | PDF
Last Action: 5/3/2013 Senate - Died in Banking and Insurance
Bill Text: Web Page | PDF
Senate Committee References:
- Banking and Insurance (BI)
- Rules (RC)
-
Bill History
Date Chamber Action 3/2/2013 Senate • Filed
3/7/2013 Senate • Referred to Banking and Insurance; Rules -SJ 170
• Introduced -SJ 170
4/4/2013 Senate • On Committee agenda-- Banking and Insurance, 04/09/13, 1:30 pm, 110 Senate Office Building --Not Considered
5/3/2013 Senate • Died in Banking and Insurance
-
SB 1498, Original Filed Version (Current Bill Version) Posted 3/2/2013 at 11:02 AM
Bill Text: Web Page | PDF Analyses: Banking and Insurance (Pre-Meeting) 4/8/2013 (pdf)
Related Bills (1)
Bill Number Subject Filed By Relationship Last Action and Location Track Bills H 1215 Property Insurance Trujillo Compare Last Action: 5/3/2013 H Died in Insurance and Banking Subcommittee
Location: In committee/council (IBS)
Citations - Statutes (3)
Citation Catchline Location in Bill Location In Bill Help 627.706 Sinkhole insurance; catastrophic ground cover collapse; definitions. Page 2 (pdf) 627.707 Investigation of sinkhole claims; insurer payment; nonrenewals. Page 3 (pdf) 627.7073 Sinkhole reports. Page 6 (pdf)