CS/SB 1690: Warranty Associations
GENERAL BILL by Banking and Insurance ; Broxson
Warranty Associations; Revising the basis for calculating the required assets in a home warranty association’s premium reserve account; requiring that such reserve account be a separate auditable account for contracts in force in this state; prohibiting home warranties from excluding coverage because of the presence of rust or corrosion, except under certain circumstances; revising the basis for calculating the required assets in a service warranty association’s premium reserve account, etc.
Effective Date: Except as otherwise expressly provided in this act, this act shall take effect July 1, 2019
Last Action: 5/2/2019 Senate - Laid on Table, companion bill(s) passed, see CS/HB 925 (Ch. 2019-87) -SJ 811
Bill Text: Web Page | PDF
Last Action: 5/2/2019 Senate - Laid on Table, companion bill(s) passed, see CS/HB 925 (Ch. 2019-87) -SJ 811
Bill Text: Web Page | PDF
Senate Committee References:
- Banking and Insurance (BI)
- Commerce and Tourism (CM)
- Rules (RC)
Bill History
| Date | Chamber | Action |
|---|---|---|
| 3/1/2019 | Senate |
• Filed |
| 3/8/2019 | Senate |
• Referred to Banking and Insurance; Commerce and Tourism; Rules -SJ 216 |
| 3/13/2019 | Senate |
• Introduced -SJ 216 |
| 3/18/2019 | Senate |
• On Committee agenda-- Banking and Insurance, 03/18/19, 4:00 pm, 412 Knott Building --Not Considered |
| 3/20/2019 | Senate |
• On Committee agenda-- Banking and Insurance, 03/25/19, 4:00 pm, 412 Knott Building |
| 3/25/2019 | Senate |
• CS by Banking and Insurance; YEAS 7 NAYS 0 -SJ 280 |
| 3/26/2019 | Senate |
• Pending reference review under Rule 4.7(2) - (Committee Substitute) |
| 3/27/2019 | Senate |
• Now in Commerce and Tourism |
| 4/2/2019 | Senate |
• CS by Banking and Insurance read 1st time -SJ 299 |
| 4/3/2019 | Senate |
• On Committee agenda-- Commerce and Tourism, 04/08/19, 1:30 pm, 110 Senate Building |
| 4/8/2019 | Senate |
• Favorable by Commerce and Tourism; YEAS 5 NAYS 0 -SJ 331 |
| 4/9/2019 | Senate |
• Now in Rules |
| 4/18/2019 | Senate |
• On Committee agenda-- Rules, 04/23/19, 2:00 pm, 110 Senate Building |
| 4/23/2019 | Senate |
• Favorable by- Rules; YEAS 16 NAYS 0 -SJ 451 |
| 4/24/2019 | Senate |
• Placed on Calendar, on 2nd reading |
| 4/30/2019 | Senate |
• Placed on Special Order Calendar, 05/02/19 |
| 5/2/2019 | Senate |
• Read 2nd time -SJ 811 • Substituted CS/HB 925 -SJ 811 • Laid on Table, companion bill(s) passed, see CS/HB 925 (Ch. 2019-87) -SJ 811 |
