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
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) |
