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.
Effective Date: upon becoming a law
Last Action: 4/28/2015 House - Died in Insurance and Banking Subcommittee
Bill Text: PDF
Last Action: 4/28/2015 House - Died in Insurance and Banking Subcommittee
Bill Text: PDF
Bill History
| Date | Chamber | Action |
|---|---|---|
| 2/23/2015 | House |
• Filed |
| 3/3/2015 | House |
• Introduced -HJ 79 • Referred to Insurance and Banking Subcommittee; Government Operations Appropriations Subcommittee; Regulatory Affairs Committee -HJ 79 |
| 4/28/2015 | House |
• Died in Insurance and Banking Subcommittee |
