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HB 947 (2015) -  Property Insurance

by Plakon
Provides that an insurer's projected payout shall be treated as insurer's coverage amount; revises application of provisions relating to claims based on state of emergency; revises factors considered by OIR when reviewing rate filings; provides that an insurer is not prohibited from using specified averages for rate filings; deletes certain residential property insurance filing requirements; revises private market reinsurance criteria; exempts certain personal lines residential structures & single condominium units from annual rate increases; limits eligibility for coverage by corporation for personal lines risk.
Effective Date: upon becoming a law
Last Event: Died in Insurance & Banking Subcommittee on Tuesday, April 28, 2015 1:15 PM

Related Bills

Staff Analysis

(None Available)

Vote History

(No Votes Recorded)

Bill History

Event Time Member Committee Ver.
Event: H Died in Insurance & Banking Subcommittee Time: 04/28/2015 - 1:15 PM Member: Committee: Insurance & Banking Subcommittee Version: __
Event: H 1st Reading Time: 03/03/2015 - 10:37 PM Member: Committee: Version: __
Event: H Now in Insurance & Banking Subcommittee Time: 03/03/2015 - 2:55 PM Member: Committee: Insurance & Banking Subcommittee Version: __
Event: H Referred to Regulatory Affairs Committee Time: 03/03/2015 - 2:55 PM Member: Committee: Regulatory Affairs Committee Version: __
Event: H Referred to Government Operations Appropriations Subcommittee Time: 03/03/2015 - 2:55 PM Member: Committee: Government Operations Appropriations Subcommittee Version: __
Event: H Referred to Insurance & Banking Subcommittee Time: 03/03/2015 - 2:55 PM Member: Committee: Insurance & Banking Subcommittee Version: __
Event: H Filed Time: 02/23/2015 - 6:02 PM Member: Plakon Committee: Version: __