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
Last Action: 3/8/2024 Senate - Died in Banking and Insurance
Bill Text: Web Page | PDF
Senate Committee References:
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 |