SB 1340: Insurance
GENERAL BILL by Grall
Insurance; Providing construction relating to the recovery of damages under the common-law remedy of bad faith against insurers; revising a prohibition against the continued writing of private passenger automobile insurance by certain insurers; prohibiting insurers providing homeowners’ insurance or commercial property insurance from canceling, nonrenewing, or terminating a policy during a pending claim except under certain circumstances; deleting a requirement that a Citizens Property Insurance Corporation policyholder making a claim for water damage has the burden of proving that the damage was not caused by flooding; providing that if a roof deductible is applied under a personal lines residential property insurance policy, no other deductible may be applied to certain other losses, etc.
Last Action: 5/5/2023 Senate - Died in Banking and Insurance, companion bill(s) passed, see CS/SB 7052 (Ch. 2023-172)
Bill Text: Web Page | PDF
- Banking and Insurance (BI)
- Judiciary (JU)
- Fiscal Policy (FP)
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Bill History
Date Chamber Action 3/1/2023 Senate • Filed
3/6/2023 Senate • Referred to Banking and Insurance; Judiciary; Fiscal Policy
3/7/2023 Senate • Introduced
5/5/2023 Senate • Died in Banking and Insurance, companion bill(s) passed, see CS/SB 7052 (Ch. 2023-172)
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SB 1340, Original Filed Version (Current Bill Version) Posted 3/1/2023 at 11:01 AM
Bill Text: Web Page | PDF Analyses: None Related Bills (4)
Bill Number Subject Filed By Relationship Last Action and Location Track Bills H 1431 Insurance Roach Similar Last Action: 5/5/2023 H Died in Insurance & Banking Subcommittee; companion bill(s) passed, see CS/SB 7052 (Ch. 2023-172) 
H 7065 (c1) Insurer Accountability Appropriations Committee Compare Last Action: 5/2/2023 H Laid on Table; companion bill(s) passed, see CS/SB 7052 (Ch. 2023-172)
S 1528 Surplus Requirements for Residential Property Insurers Stewart Compare Last Action: 5/5/2023 S Died in Banking and Insurance
S 7052 (er) Insurer Accountability Banking and Insurance Compare Last Action: 6/1/2023 Chapter No. 2023-172
Citations - Statutes (22)
Citation Catchline Location in Bill Location In Bill Help 624.155 Civil remedy. Page 4 (pdf) 624.3161 Market conduct examinations. Page 5 (pdf) 624.4055 Restrictions on existing private passenger automobile insurance. Page 5 (pdf) 624.407 Surplus required; new insurers. Page 6 (pdf) 624.408 Surplus required; current insurers. Page 7 (pdf) 624.424 Annual statement and other information. Page 8 (pdf) 626.9201 Notice of cancellation or nonrenewal. Page 11 (pdf) 626.9541 Unfair methods of competition and unfair or deceptive acts or practices defined. Page 11 (pdf) 627.0613 Consumer advocate. Page 20 (pdf) 627.351 Insurance risk apportionment plans. Page 21 (pdf) 627.35191 Required reports. Page 21 (pdf) 627.4133 Notice of cancellation, nonrenewal, or renewal premium. Page 23 (pdf) 627.420 Binders. Page 24 (pdf) 627.701 Liability of insureds; coinsurance; deductibles. Page 24 (pdf) 627.7011 Homeowners’ policies; offer of replacement cost coverage and law and ordinance coverage. Page 26 (pdf) 627.70111 Page 26 (pdf) 627.70131 Insurer’s duty to acknowledge communications regarding claims; investigation. Page 26 (pdf) 627.70132 Notice of property insurance claim. Page 28 (pdf) 627.70152 Suits arising under a property insurance policy. Page 28 (pdf) 627.70155 Page 30 (pdf) 627.702 Valued policy law. Page 30 (pdf) 768.79 Offer of judgment and demand for judgment. Page 31 (pdf)