HB 15-B: Insurance
GENERAL BILL by Driskell ; (CO-INTRODUCERS) Arrington ; Bracy Davis ; Casello ; Cassel ; Cross ; Daley ; Eskamani ; Gottlieb ; Harris ; Hinson ; Joseph ; Robinson, F.
Insurance; Creates Property Insurance Commission; provides for election of Commissioner of Insurance Regulation; revises homeowners' eligibility criteria for mitigation grants; requires interests earned on insurance proceeds received by mortgagees & assignees to be paid to insureds; requires property insurers to cap premiums or to create sliding fee scales for premium rates; prohibits property insurers from using certain defenses as claims denials; revises requirements for risk assignment agreements; requires OPPAGA to conduct study of effectiveness of property insurance mediation program; increases appropriation to specified program. APPROPRIATION: $300,000,000
Bill History
| Date | Chamber | Action |
|---|---|---|
| 2/6/2023 | House |
• Filed • Introduction refused |
| 2/10/2023 | House |
• Died, introduction refused |