HB 1477: Insurance
GENERAL BILL by Driskell ; (CO-INTRODUCERS) Arrington ; Bracy Davis ; Cassel ; Cross ; Daley ; Eskamani ; Gantt ; Gottlieb ; Harris ; Hinson ; Hunschofsky ; Joseph ; Nixon ; Rayner-Goolsby ; Robinson, F. ; Skidmore ; Valdés ; Waldron ; Woodson
Insurance; Creates Property Insurance Commission; provides for election of Commissioner of Insurance Regulation; revises homeowners' eligibility criteria for mitigation grants; requires interests earned on insurance proceeds received by mortgagees & assignees to be paid to insureds; prohibits property insurers from claiming insolvency under certain circumstances; authorizes persons that engage in property insurance activities in other states to engage in insurance activities in this state only under certain circumstances; requires property insurers to cap premiums or to create sliding fee scales for premium rates; prohibits property insurers from using certain defenses as claims denials; revises requirements for risk assignment agreements; requires OPPAGA to conduct study of effectiveness of property insurance mediation program. APPROPRIATION: $300,000,000
Last Action: 5/5/2023 House - Died in Insurance & Banking Subcommittee; companion bill(s) passed, see CS/HB 881 (Ch. 2023-176)
Bill Text: PDF
• 1st Reading (Original Filed Version)
• Referred to Insurance & Banking Subcommittee
• Referred to State Administration & Technology Appropriations Subcommittee
• Referred to Commerce Committee
• Now in Insurance & Banking Subcommittee
• Died in Insurance & Banking Subcommittee; companion bill(s) passed, see CS/HB 881 (Ch. 2023-176)
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