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CS/SB 914: Contingency Risk Multipliers

GENERAL BILL by Banking and Insurance ; Brandes

Contingency Risk Multipliers; Providing that, for certain attorney fees awarded for claims arising under property insurance policies, a strong presumption is created that a lodestar fee is sufficient and reasonable; providing that such presumption may be rebutted only under certain circumstances, etc.

Effective Date: 7/1/2020
Last Action: 3/14/2020 Senate - Died in Rules
Bill Text: Web Page | PDF
Senate Committee References:
  1. Banking and Insurance (BI)
  2. Judiciary (JU)
  3. Rules (RC)

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  • Bill History

    Date Chamber Action
    11/14/2019 Senate • Filed
    12/13/2019 Senate • Referred to Banking and Insurance; Judiciary; Rules -SJ 70
    1/14/2020 Senate • Introduced -SJ 69
    1/16/2020 Senate • On Committee agenda-- Banking and Insurance, 01/21/20, 12:00 pm, 412 Knott Building
    1/21/2020 Senate • CS by Banking and Insurance; YEAS 5 NAYS 3 -SJ 155
    1/22/2020 Senate • Pending reference review under Rule 4.7(2) - (Committee Substitute)
    1/23/2020 Senate • Now in Judiciary
    1/27/2020 Senate • CS by Banking and Insurance read 1st time -SJ 196
    1/30/2020 Senate • On Committee agenda-- Judiciary, 02/04/20, 12:30 pm, 110 Senate Building
    2/4/2020 Senate • Favorable by Judiciary; YEAS 4 NAYS 2 -SJ 239
    • Now in Rules
    3/14/2020 Senate • Indefinitely postponed and withdrawn from consideration
    • Died in Rules

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  • CS/SB 914, Committee Substitute 1 (Current Bill Version) Posted 1/22/2020 at 2:09 PM

    Bill Text:   Web Page | PDF
    Analyses:   Judiciary (Pre-Meeting) 2/3/2020 (pdf)
    Judiciary (Post-Meeting) 2/4/2020 (pdf)

    Related Bills (1)

    Bill Number Subject Filed By Relationship Last Action and Location Track Bills
    H 7071 Contingency Risk Multipliers Judiciary Committee Identical Last Action: 3/14/2020 S Died in Banking and Insurance

    Committee Amendments (1)

    Amendment Sponsor Filed Last Committee Action Format
    292098 - Amendment
    Delete lines 17 - 21 and insert:
    Judiciary
    (Rodriguez)
    2/4/2020
    10:25 AM
    Withdrawn
    2/4/2020
    Web Page
    PDF

    Committee Votes (1)

    Date Committee Result
    2/4/2020 12:30 PM Judiciary 4 Yeas - 2 Nays

    Citations - Statutes (1)

    Citation Catchline Location in Bill Location In Bill Help
    627.428 Attorney fees. Page 1 (pdf)

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  • SB 914, Original Filed Version Posted 11/14/2019 at 9:08 AM

    Bill Text:   Web Page | PDF
    Analyses:   Banking and Insurance (Pre-Meeting) 1/17/2020 (pdf)
    Banking and Insurance (Post-Meeting) 1/22/2020 (pdf)

    Committee Amendments (2)

    Amendment Sponsor Filed Last Committee Action Format
    806840 - Amendment
    Delete lines 17 - 44 and insert:
    Banking and Insurance
    (Brandes)
    1/21/2020
    11:13 AM
    Replaced by Committee Substitute
    1/21/2020
    Web Page
    PDF
    232410 - Title Amendment
    In title, delete line 2 and insert:
    Banking and Insurance
    (Brandes)
    1/21/2020
    11:14 AM
    Replaced by Committee Substitute
    1/21/2020
    Web Page
    PDF

    Committee Votes (1)

    Date Committee Result
    1/21/2020 12:00 PM Banking and Insurance 5 Yeas - 3 Nays

    Citations - Statutes (2)

    Citation Catchline Location in Bill Location In Bill Help
    627.428 Attorney fees. Page 1 (pdf)
    627.736 Required personal injury protection benefits; exclusions; priority; claims. Page 1 (pdf)

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