HOUSE BILL 1516

File Code: Insurance - Other than Health

Sponsored By:

Delegate Stein

Entitled:

Homeowner's, Fire, Farmowner's, and Dwelling Insurance Policies - Claims for Additional Payments

Synopsis:

Requiring each policy of homeowner's, fire, farmowner's, or dwelling insurance issued, sold, or delivered in the State that provides property coverage for a dwelling or personal property to contain a provision that allows an insured to file a claim for additional payments, on a replacement cost basis, for the repair or replacement of the dwelling or personal property for at least 2 years after the date of loss.

History by Legislative and Calendar Date

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

House Action

3/5

First Reading House Rules and Executive Nominations

3/16

Re-referred Economic Matters

Hearing 3/26 at 1:00 p.m.

3/28

Unfavorable Report by Economic Matters

Senate 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

Personal Property

Real Property

Bill affects the following Statute:

Insurance

( 19-213 )

Documents:

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

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

Amendments: None offered