HB 809: Personal Lines Residential Property Insurance
GENERAL BILL by Garcia ; (CO-INTRODUCERS) Redondo
Personal Lines Residential Property Insurance; Requires insurer to offer policy that provides coverage limit on dwelling equal to unpaid principal balance of all mortgage loans on risk; requires insurer issuing such policy to obtain certain signed statement; specifies language for such statement; prohibits personal lines residential property insurer from requiring coverage limit that includes value of land upon which dwelling sits.
Effective Date: 7/1/2024
Last Action: 3/8/2024 House - Died in Insurance & Banking Subcommittee
Bill Text: PDF
Last Action: 3/8/2024 House - Died in Insurance & Banking Subcommittee
Bill Text: PDF
Bill History
| Date | Chamber | Action |
|---|---|---|
| 12/8/2023 | House |
• Filed |
| 12/27/2023 | House |
• Referred to Insurance & Banking Subcommittee • Referred to State Administration & Technology Appropriations Subcommittee • Referred to Commerce Committee • Now in Insurance & Banking Subcommittee |
| 1/9/2024 | House |
• 1st Reading (Original Filed Version) |
| 3/8/2024 | House |
• Died in Insurance & Banking Subcommittee |
