General Bill
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; provides duties of OIR; requires DFS to adopt rules regarding allegations of insurance fraud; requires OPPAGA to conduct study of effectiveness of property insurance mediation program; increases appropriation to specified program.
Effective Date:
July 1, 2023
Last Event:
Died, introduction refused on Friday, December 16, 2022 11:59 PM
(No Related Bills On Record)
Event |
Time |
Member |
Committee |
Ver. |
Event:
H Died, introduction refused
|
Time:
12/16/2022 - 11:59 PM
|
Member:
|
Committee:
|
Version:
__
|
Event:
H Introduction refused
|
Time:
12/12/2022 - 10:35 AM
|
Member:
|
Committee:
|
Version:
__
|
Event:
H Filed
|
Time:
12/11/2022 - 4:15 PM
|
Member:
Driskell
|
Committee:
|
Version:
__
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