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Glossary of Legislative Terms

SB 1070: Personal Lines Residential Property Insurance

GENERAL BILL by Garcia

Personal Lines Residential Property Insurance; Requiring an insurer, before issuing a personal lines residential property insurance policy, to offer a policy that provides a coverage limit on the dwelling equal to the unpaid principal balance of all mortgage loans on the risk; prohibiting a personal lines residential property insurer from requiring a coverage limit that includes the value of the land upon which the dwelling sits, etc.

Effective Date: 7/1/2024
 Last Action: 3/8/2024 Senate - Died in Banking and Insurance
Bill Text: Web Page | PDF
Senate Committee References:
  1. Banking and Insurance (BI)
  2. Appropriations Committee on Agriculture, Environment, and General Government (AEG)
  3. Fiscal Policy (FP)


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Bill History

Date Chamber Action
12/27/2023 Senate • Filed
1/4/2024 Senate • Referred to Banking and Insurance; Appropriations Committee on Agriculture, Environment, and General Government; Fiscal Policy
1/9/2024 Senate • Introduced
3/8/2024 Senate • Died in Banking and Insurance