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CS/SB 416: Sinkhole Coverage

GENERAL BILL by Banking and Insurance ; Simpson

Sinkhole Coverage; Requiring Citizens Property Insurance Corporation to submit a biannual report on the number of residential sinkhole policies requested, issued, and declined; prohibiting the corporation from requiring a policyholder to advance payment for stabilization repairs provided under the program; providing requirements and procedures for selecting stabilization repair contractors to conduct stabilization repairs; specifying additional parameters with respect to the program, including provision for resolving disputes between the corporation and a policyholder, etc.

Effective Date: 7/1/2014
 Last Action: 5/2/2014 Senate - Died in Appropriations
Bill Text: Web Page | PDF
Senate Committee References:
  1. Banking and Insurance (BI)
  2. Appropriations Subcommittee on General Government (AGG)
  3. Appropriations (AP)


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Bill History

Date Chamber Action
11/19/2013 Senate • Filed
12/11/2013 Senate • Referred to Banking and Insurance; Appropriations Subcommittee on General Government; Appropriations -SJ 38
1/6/2014 Senate • On Committee agenda-- Banking and Insurance, 01/14/14, 2:00 pm, 110 Senate Office Building --Temporarily Postponed
1/27/2014 Senate • On Committee agenda-- Banking and Insurance, 02/04/14, 2:00 pm, 110 Senate Office Building
2/4/2014 Senate • CS by Banking and Insurance; YEAS 11 NAYS 1 -SJ 137
2/6/2014 Senate • Pending reference review under Rule 4.7(2) - (Committee Substitute)
2/11/2014 Senate • Now in Appropriations Subcommittee on General Government -SJ 137
2/28/2014 Senate • On Committee agenda-- Appropriations Subcommittee on General Government, 03/05/14, 11:00 am, 110 Senate Office Building --Amendments Adopted - Temporarily Postponed
3/4/2014 Senate • Introduced -SJ 38
• CS by Banking and Insurance read 1st time -SJ 123
3/7/2014 Senate • On Committee agenda-- Appropriations Subcommittee on General Government, 03/12/14, 1:00 pm, 110 Senate Office Building
3/12/2014 Senate • Subcommittee Recommendation: CS/CS by Appropriations Subcommittee on General Government; YEAS 10 NAYS 3 -SJ 243
3/14/2014 Senate • Now in Appropriations -SJ 243
5/2/2014 Senate • Died in Appropriations