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IntroducedMay 20, 2022
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Passed House
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Passed Senate
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Signed into Law
Property Insurance; Creates Reinsurance to Assist Policyholders program to be administered by SBA; requires board & property insurers to enter into contracts to provide certain insurance reimbursement; prohibits premiums from being charged for participation in program; provides program does not affect claims-paying capacity of CAT Fund; requires certain property insurers to reduce rates to reflect certain cost savings through rate filings; revises homeowner eligibility criteria for mitigation grants; provides requirements for claimants to prevail in certain claims for damages; limits transfer, assignment, or acquisition of rights to attorney fees in certain property insurance suits; authorizes insurers to include separate roof deductibles; creates property insurer stability unit within office for specified purpose; specifies events that trigger referrals to unit. APPROPRIATION: $150,000,000
Companion Bills
Property Insurance; Creating the Reinsurance to Assist Policyholders program to be administered by the State Board of Administration; requiring certain property insurers to obtain coverage under the program; revising homeowner eligibility criteria for mitigation grants; requiring claimants to establish that property insurers have breached the insurance contract to prevail in certain claims for dam...
Insurance; Revises calculation of amount of losses below which insurer is not entitled to reimbursement from FHCF for certain contract years; requires formula for determining actuarially indicated premiums to include cash build-up factor in certain contract years; authorizes insurers to file certain insurance rating plans based on certain windstorm mitigation construction standards under certain c...
Homeowners' Insurance Policies; Provides requirement for property insurers before insurers may require certain property replacements as condition of issuance or renewal of homeowners' insurance policies; prohibits property insurers from refusing to issue or renew policies unless specified requirements are met.
Summary/Bill Text
Sponsors
- Appropriations Committeeprimary
Votes
Actions
- May 25, 2022 | House
- Laid on Table
- May 24, 2022 | House
- Favorable with CS by Appropriations Committee
- Reported out of Appropriations Committee
- Laid on Table under Rule 7.18(a)
- CS Filed
- Bill released to Rules Committee
- 1st Reading (Original Filed Version)
- 1st Reading (Committee Substitute 1)
- May 23, 2022 | House
- Referred to Appropriations Committee
- Now in Appropriations Committee
- Added to Appropriations Committee agenda
- May 20, 2022 | House
- Filed
Bill Texts
- H 1D FiledPDF
- H 1D c1PDF
- Committee Amendment 037451 (Adopted without Objection 5/24/2022) -- TrumbullPDF
- Committee Amendment 013173 (Adopted without Objection 5/24/2022) -- TrumbullPDF
- Committee Amendment 546391 (Adopted without Objection 5/24/2022) -- TrumbullPDF
- Committee Amendment 789221 (Failed to Adopt 5/24/2022) -- JosephPDF
- Committee Amendment 516675 (Adopted without Objection 5/24/2022) -- TrumbullPDF
- Committee Amendment 303755 (Failed to Adopt 5/24/2022) -- WilliamsPDF
- Committee Amendment 350721 (Adopted without Objection 5/24/2022) -- TrumbullPDF
- Committee Amendment 489843 (Failed to Adopt 5/24/2022) -- GellerPDF
- Committee Amendment 224853 (Adopted without Objection 5/24/2022) -- TrumbullPDF
- Committee Amendment 948497 (Failed to Adopt 5/24/2022) -- WillhitePDF
- Committee Amendment 891117 (Failed to Adopt 5/24/2022) -- GellerPDF
- Committee Amendment 082541 (Failed to Adopt 5/24/2022) -- HinsonPDF
- Committee Amendment 249321 (Failed to Adopt 5/24/2022) -- HinsonPDF
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