HB 809 -  Personal Lines Residential Property Insurance

by Garcia (CO-SPONSORS) Redondo
Requires insurer to offer policy that provides coverage limit on dwelling equal to unpaid principal balance of all mortgage loans on risk; requires insurer issuing such policy to obtain certain signed statement; specifies language for such statement; prohibits personal lines residential property insurer from requiring coverage limit that includes value of land upon which dwelling sits.
Effective Date: July 1, 2024
Last Event: Died in Insurance & Banking Subcommittee on Friday, March 8, 2024 2:25 PM

Related Bills

Staff Analysis

(None Available)

Vote History

(No Votes Recorded)

Bill History

Event Time Member Committee Ver.
Event: H Died in Insurance & Banking Subcommittee Time: 03/08/2024 - 2:25 PM Member: Committee: Insurance & Banking Subcommittee Version: __
Event: H 1st Reading Time: 01/09/2024 - 11:31 PM Member: Committee: Version: __
Event: H Now in Insurance & Banking Subcommittee Time: 12/27/2023 - 10:22 PM Member: Committee: Insurance & Banking Subcommittee Version: __
Event: H Referred to Commerce Committee Time: 12/27/2023 - 10:22 PM Member: Committee: Commerce Committee Version: __
Event: H Referred to State Administration & Technology Appropriations Subcommittee Time: 12/27/2023 - 10:22 PM Member: Committee: State Administration & Technology Appropriations Subcommittee Version: __
Event: H Referred to Insurance & Banking Subcommittee Time: 12/27/2023 - 10:22 PM Member: Committee: Insurance & Banking Subcommittee Version: __
Event: H Filed Time: 12/08/2023 - 3:56 PM Member: Garcia Committee: Version: __

Statutes Referenced by this Bill

Statute Other Bill Citations
627.70122 SB 1070