SB 328: Applicability of Valued Policy Law to Surplus Lines Insurers
GENERAL BILL by Garcia
Applicability of Valued Policy Law to Surplus Lines Insurers; Requiring surplus lines insurers to comply with the valued policy law under certain circumstances; defining the term “insurer” to include surplus lines insurers for the purpose of the valued policy law, etc.
Effective Date: 7/1/2025
Last Action: 2/3/2025 Senate - Referred to Banking and Insurance; Judiciary; Rules
Bill Text: Web Page | PDF
Last Action: 2/3/2025 Senate - Referred to Banking and Insurance; Judiciary; Rules
Bill Text: Web Page | PDF
Senate Committee References:
- Banking and Insurance (BI)
- Judiciary (JU)
- Rules (RC)
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Bill History
Date Chamber Action 1/27/2025 Senate • Filed
2/3/2025 Senate • Referred to Banking and Insurance; Judiciary; Rules
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SB 328, Original Filed Version (Current Bill Version) Posted 1/27/2025 at 8:13 AM
Bill Text: Web Page | PDF Analyses: None Related Bills (1)
Bill Number Subject Filed By Relationship Last Action and Location Track Bills H 1555 Insurers' Liabilities and Responsibilities Cassel Compare Last Action: 2/28/2025 H Filed 
Citations - Statutes (4)
Citation Catchline Location in Bill Location In Bill Help 626.926 Liability of insurer as to losses and unearned premiums. Page 1 (pdf) 627.7011 Homeowners’ policies; offer of replacement cost coverage and law and ordinance coverage. Page 5 (pdf) 627.702 Valued policy law. Page 1 (pdf) 627.7142 Homeowner Claims Bill of Rights. Page 5 (pdf)