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SB 1292: Property Insurance

GENERAL BILL by Bean

Property Insurance; Providing that an insurer’s projected payout shall be treated as the insurer’s coverage amount under certain circumstances; revising the factors considered by the Office of Insurance Regulation when reviewing rate filings; providing that an insurer is not prohibited from using specified averages for rate filings; exempting certain personal lines residential structures and single condominium units from annual rate increases; limiting eligibility for coverage by the corporation for personal lines risk, etc.

Effective Date: Upon becoming a law
 Last Action: 5/1/2015 Senate - Died in Banking and Insurance
Bill Text: Web Page | PDF
Senate Committee References:
  1. Banking and Insurance (BI)
  2. Appropriations Subcommittee on General Government (AGG)
  3. Fiscal Policy (FP)


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Bill History

Date Chamber Action
2/25/2015 Senate • Filed
3/2/2015 Senate • Referred to Banking and Insurance; Appropriations Subcommittee on General Government; Fiscal Policy -SJ 124
3/3/2015 Senate • Introduced -SJ 124
5/1/2015 Senate • Died in Banking and Insurance