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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.

Effective Date: 7/1/2016
Last Action: 3/11/2016 House - Died in Regulatory Affairs Committee
Bill Text: PDF



Bill History

Date Chamber Action
1/4/2016 House • Filed
1/12/2016 House • Introduced -HJ 94
1/13/2016 House • Referred to Insurance and Banking Subcommittee; Regulatory Affairs Committee -HJ 200
1/21/2016 House • PCS on Committee agenda-- Insurance and Banking Subcommittee, 01/25/16, 12:30 pm, Sumner Hall
1/25/2016 House • CS by Insurance and Banking Subcommittee; YEAS 12 NAYS 0 -HJ 307
1/29/2016 House • Pending review of CS under Rule 7.19(c)
• CS by Insurance and Banking Subcommittee read 1st time -HJ 320
2/1/2016 House • Now in Regulatory Affairs Committee -HJ 363
3/11/2016 House • Died in Regulatory Affairs Committee