HB 947: Property Insurance
GENERAL BILL by Plakon
Property Insurance; Provides that an insurer's projected payout shall be treated as insurer's coverage amount; revises application of provisions relating to claims based on state of emergency; revises factors considered by OIR when reviewing rate filings; provides that an insurer is not prohibited from using specified averages for rate filings; deletes certain residential property insurance filing requirements; revises private market reinsurance criteria; exempts certain personal lines residential structures & single condominium units from annual rate increases; limits eligibility for coverage by corporation for personal lines risk.
Last Action: 4/28/2015 House - Died in Insurance and Banking Subcommittee
Bill Text: PDF
• Introduced -HJ 79
• Referred to Insurance and Banking Subcommittee; Government Operations Appropriations Subcommittee; Regulatory Affairs Committee -HJ 79
• Died in Insurance and Banking Subcommittee
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