SENATE BILL 971

File Code: Insurance - Other than Health

Sponsored By:

Senator Stone

Entitled:

Homeowner's Insurance - Assignment of Policy on Sale of Property

Synopsis:

Authorizing the policyholder under a homeowner's insurance policy to assign the policy to the purchaser of the property that is covered by the policy; requiring that an assignment made under the Act be in writing; requiring the purchaser of the property to send a copy of the contract of assignment to the insurer within a specified time after assignment; etc.

History by Legislative and Calendar Date

Legislative date is used to record history occuring in the Chambers otherwise Calendar date is used.

Senate Action

2/29

First Reading Senate Rules

3/10

Re-referred Finance

3/12

Hearing 3/18 at 1:00 p.m.

3/20

Unfavorable Report by Finance

House Action

No Action

Bill indexed under the following Subjects:

Contracts -see also- Land Installment Contracts; Procurement

Insurance -see also- Health Ins; MAIF; Motor Vehicle Ins

Real Property

Bill affects the following Statute:

Insurance

( 19-208 )

Documents:

Bill Text (Displayed in PDF Format): First Reading, Third Reading, Enrolled

Fiscal and Policy Note (Displayed in PDF Format): Available

Amendments: None offered