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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.

Effective Date: Except as otherwise expressly provided in this act, this act shall take effect July 1, 2019
Last Action: 4/18/2019 Senate - On Committee agenda-- Rules, 04/23/19, 2:00 pm, 110 Senate Building
Bill Text: Web Page | PDF
Senate Committee References:
  1. Banking and Insurance (BI)
  2. Commerce and Tourism (CM)
  3. Rules (RC)



Bill History

Date Chamber Action
3/1/2019 Senate • Filed
3/8/2019 Senate • Referred to Banking and Insurance; Commerce and Tourism; Rules -SJ 216
3/13/2019 Senate • Introduced -SJ 216
3/18/2019 Senate • On Committee agenda-- Banking and Insurance, 03/18/19, 4:00 pm, 412 Knott Building --Not Considered
3/20/2019 Senate • On Committee agenda-- Banking and Insurance, 03/25/19, 4:00 pm, 412 Knott Building
3/25/2019 Senate • CS by Banking and Insurance; YEAS 7 NAYS 0 -SJ 280
3/26/2019 Senate • Pending reference review under Rule 4.7(2) - (Committee Substitute)
3/27/2019 Senate • Now in Commerce and Tourism
4/2/2019 Senate • CS by Banking and Insurance read 1st time -SJ 299
4/3/2019 Senate • On Committee agenda-- Commerce and Tourism, 04/08/19, 1:30 pm, 110 Senate Building
4/8/2019 Senate • Favorable by Commerce and Tourism; YEAS 5 NAYS 0 -SJ 331
4/9/2019 Senate • Now in Rules
4/18/2019 Senate • On Committee agenda-- Rules, 04/23/19, 2:00 pm, 110 Senate Building