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HB 7071: Contingency Risk Multipliers

GENERAL BILL by Judiciary Committee ; Beltran ; (CO-INTRODUCERS) Maggard ; Sabatini

Contingency Risk Multipliers; Provides that, for certain attorney fees awarded for claims arising under property insurance policies, strong presumption is created that lodestar fee is sufficient & reasonable; limits circumstances for rebuttal.

Effective Date: 7/1/2020
Last Action: 3/14/2020 Senate - Died in Banking and Insurance
Bill Text: PDF
Senate Committee References:
  1. Banking and Insurance (BI)
  2. Judiciary (JU)
  3. Rules (RC)

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  • Bill History

    Date Chamber Action
    2/3/2020 House • Filed
    • Introduced -HJ 480
    2/4/2020 House • Referred to Commerce Committee -HJ 485
    2/11/2020 House • On Committee agenda-- Commerce Committee, 02/13/20, 9:00 am, Webster Hall
    2/13/2020 House • Favorable by- Commerce Committee; YEAS 16 NAYS 7 -HJ 577
    2/14/2020 House • Placed on Calendar -HJ 577
    2/27/2020 House • Placed on Special Order Calendar, 03/03/20
    3/3/2020 House • Read 2nd time -HJ 714
    • Placed on 3rd reading
    3/4/2020 House • Read 3rd time -HJ 739
    • Passed; YEAS 72 NAYS 46 -HJ 740
    3/4/2020 Senate • In Messages
    3/5/2020 Senate • Referred to Banking and Insurance; Judiciary; Rules -SJ 478
    • Received -SJ 478
    3/14/2020 Senate • Indefinitely postponed and withdrawn from consideration
    • Died in Banking and Insurance

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  • HB 7071, Original Filed Version (Current Bill Version) Posted 2/3/2020 at 9:16 AM

    Bill Text:   PDF
    Analyses:   Commerce Committee (Post-Meeting) 2/14/2020 (pdf)

    Related Bills (1)

    Bill Number Subject Filed By Relationship Last Action and Location Track Bills
    S 914 (c1) Contingency Risk Multipliers Brandes Identical Last Action: 3/14/2020 S Died in Rules

    Floor Votes (1)

    Date Chamber Result
    3/4/2020 1:56 PM House 72 Yeas - 46 Nays

    Citations - Statutes (1)

    Citation Catchline Location in Bill Location In Bill Help
    627.428 Attorney fees. Page 1 (pdf)

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