CS/CS/HB 367: Home and Service Warranty Association Financial Requirements
GENERAL BILL by Commerce Committee ; Insurance & Banking Subcommittee ; Conerly
Home and Service Warranty Association Financial Requirements; Revises circumstances under which certain service warranty associations are not required to establish unearned premium reserves or to maintain contractual liability insurance & are authorized to allow their premiums to exceed specified ratios; requires service warranty contracts that include coverage for certain accidental damage to be covered by contractual liability policies.
Effective Date: 7/1/2025
Last Action: 3/20/2025 House - Added to Second Reading Calendar
Bill Text: PDF
Last Action: 3/20/2025 House - Added to Second Reading Calendar
Bill Text: PDF
Bill History
| Date | Chamber | Action |
|---|---|---|
| 2/4/2025 | House |
• Filed |
| 2/12/2025 | House |
• Referred to Insurance & Banking Subcommittee • Referred to Commerce Committee • Now in Insurance & Banking Subcommittee |
| 3/3/2025 | House |
• Added to Insurance & Banking Subcommittee agenda |
| 3/4/2025 | House |
• 1st Reading (Original Filed Version) |
| 3/5/2025 | House |
• Favorable with CS by Insurance & Banking Subcommittee |
| 3/7/2025 | House |
• Reported out of Insurance & Banking Subcommittee • Laid on Table under Rule 7.18(a) • CS Filed • 1st Reading (Committee Substitute 1) |
| 3/10/2025 | House |
• Referred to Commerce Committee • Now in Commerce Committee |
| 3/13/2025 | House |
• Added to Commerce Committee agenda |
| 3/17/2025 | House |
• Favorable with CS by Commerce Committee |
| 3/19/2025 | House |
• Reported out of Commerce Committee • Laid on Table under Rule 7.18(a) • CS Filed • 1st Reading (Committee Substitute 2) |
| 3/20/2025 | House |
• Bill referred to House Calendar • Added to Second Reading Calendar |
