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CS/HB 1-D: Property Insurance

GENERAL BILL by Appropriations Committee ; Trumbull ; (CO-INTRODUCERS) Avila

Property Insurance; Creates Reinsurance to Assist Policyholders program to be administered by SBA; requires board & property insurers to enter into contracts to provide certain insurance reimbursement; prohibits premiums from being charged for participation in program; provides program does not affect claims-paying capacity of CAT Fund; requires certain property insurers to reduce rates to reflect certain cost savings through rate filings; revises homeowner eligibility criteria for mitigation grants; provides requirements for claimants to prevail in certain claims for damages; limits transfer, assignment, or acquisition of rights to attorney fees in certain property insurance suits; authorizes insurers to include separate roof deductibles; creates property insurer stability unit within office for specified purpose; specifies events that trigger referrals to unit. APPROPRIATION: $150,000,000

Effective Date: upon becoming a law
Last Action: 5/25/2022 House - Laid on Table; companion bill(s) passed, see CS/SB 2-D (Ch. 2022-268)
Bill Text: PDF

Bill History

Date Chamber Action
5/20/2022 House • Filed
5/23/2022 House • Referred to Appropriations Committee
• Now in Appropriations Committee
• Added to Appropriations Committee agenda
5/24/2022 House • Favorable with CS by Appropriations Committee
• Reported out of Appropriations Committee
• Laid on Table under Rule 7.18(a)
• CS Filed
• Bill released to Rules Committee
• 1st Reading (Original Filed Version)
• 1st Reading (Committee Substitute 1)
5/25/2022 House • Laid on Table; companion bill(s) passed, see CS/SB 2-D (Ch. 2022-268)