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.
Last Action: 5/2/2014 Senate - Died in Banking and Insurance
Bill Text: PDF
- Banking and Insurance (BI)
- Appropriations Subcommittee on General Government (AGG)
- 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 |
273929 - Amendment to Amendment (734203)