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Glossary of Legislative Terms

SB 1556: Insurance

GENERAL BILL by Davis

Insurance; Creating the Property Insurance Commission; providing membership of the commission; providing for the election of the Commissioner of Insurance Regulation; requiring that interest earned on insurance proceeds received by mortgagees and assignees be paid to insureds; prohibiting property insurers from claiming insolvency under specified circumstances; prohibiting property insurers from using specified factors as a defense for denial of a claim, etc. APPROPRIATION: $300,000,000

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
1/5/2024 Senate • Filed
1/10/2024 Senate • Referred to Banking and Insurance; Appropriations Committee on Agriculture, Environment, and General Government; Fiscal Policy
• Introduced
3/8/2024 Senate • Died in Banking and Insurance