CS/SB 1690: Warranty Associations
GENERAL BILL by Banking and Insurance ; Broxson
Warranty Associations; Revising the basis for calculating the required assets in a home warranty association’s premium reserve account; requiring that such reserve account be a separate auditable account for contracts in force in this state; prohibiting home warranties from excluding coverage because of the presence of rust or corrosion, except under certain circumstances; revising the basis for calculating the required assets in a service warranty association’s premium reserve account, etc.
Last Action: 4/18/2019 Senate - On Committee agenda-- Rules, 04/23/19, 2:00 pm, 110 Senate Building
Bill Text: Web Page | PDF
• Referred to Banking and Insurance; Commerce and Tourism; Rules -SJ 216
• Introduced -SJ 216
• On Committee agenda-- Banking and Insurance, 03/18/19, 4:00 pm, 412 Knott Building --Not Considered
• On Committee agenda-- Banking and Insurance, 03/25/19, 4:00 pm, 412 Knott Building
• CS by Banking and Insurance; YEAS 7 NAYS 0 -SJ 280
• Pending reference review under Rule 4.7(2) - (Committee Substitute)
• Now in Commerce and Tourism
• CS by Banking and Insurance read 1st time -SJ 299
• On Committee agenda-- Commerce and Tourism, 04/08/19, 1:30 pm, 110 Senate Building
• Favorable by Commerce and Tourism; YEAS 5 NAYS 0 -SJ 331
• Now in Rules
• On Committee agenda-- Rules, 04/23/19, 2:00 pm, 110 Senate Building
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