CS/HB 1097: Insurance Claims
GENERAL BILL by Insurance and Banking Subcommittee ; Caldwell
Insurance Claims; Provides requirements under property insurance policy for post-loss assignment of claims or policy provisions not related to liability coverage; provides requirements for an agreement to assign such claims; provides limitations on assignee's rights to collect money from, sue, or claim lien on property of, policyholder; revises timeframe for paying undisputed benefits owed under first-party property insurance policies; authorizes an insurer to require notice of loss within specified time; revises timeframes for an insurer to acknowledge communications, begin investigations, & pay or deny claims; authorizes insurer to limit scope of certain repairs; revises Homeowner Claims Bill of Rights to conform to changes made by act.
Last Action: 3/11/2016 House - Died in Regulatory Affairs Committee
Location: In committee/council (RAC)
Bill Text: PDF
• Introduced -HJ 94
• Referred to Insurance and Banking Subcommittee; Regulatory Affairs Committee -HJ 200
• PCS on Committee agenda-- Insurance and Banking Subcommittee, 01/25/16, 12:30 pm, Sumner Hall
• CS by Insurance and Banking Subcommittee; YEAS 12 NAYS 0 -HJ 307
• Pending review of CS under Rule 7.19(c)
• CS by Insurance and Banking Subcommittee read 1st time -HJ 320
• Now in Regulatory Affairs Committee -HJ 363
• Died in Regulatory Affairs Committee
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