HOUSE BILL 1236

Sponsored By:

Delegate Brown

Entitled:

Homeowner's Insurance - Cancellation

Synopsis:

Authorizing an insurer to cancel a policy of homeowner's insurance under which a one-time guaranteed fully refundable deposit is required for a stated amount of coverage, if the cancellation takes effect on the anniversary date of the inception of the policy, is not based on a claim that occurred more than 3 years before the anniversary date of the policy, and is in accordance with specified provisions of law.

History by Legislative Date

House Action

2/11

First Reading House Rules and Executive Nominations

2/18

Re-referred Economic Matters

2/20

Hearing 2/27 at 1:00 p.m.

3/25

Favorable with Amendments Report by Economic Matters

3/23

Favorable with Amendments Report Adopted

Second Reading Passed with Amendments

3/24

Third Reading Passed (140-0)

4/6

House Concur - Senate Amendments

Third Reading Passed (127-1)

Passed Enrolled

5/15

Governor vetoed - Policy

Senate Action

3/26

First Reading Finance

Hearing 4/3 at 1:00 p.m.

4/5

Favorable with Amendments Report by Finance

4/3

Favorable with Amendments Report Adopted

Second Reading Passed with Amendments

4/4

Third Reading Passed with Amendments (47-0)

Bill indexed under the following Subjects:

CONSUMER PROTECTION -see also- UNFAIR TRADE PRACTICES

INSURANCE -see also- HEALTH INS; MAIF; MOTOR VEHICLE INS

Bill affects the following Statute:

Insurance

( 27-501 )

Documents:

Bill Text: First Reading (PDF), Third Reading (PDF), Enrolled (PDF)

Fiscal Note: Available (PDF)

Amendments:

House

Number: 663099/1 (PDF)     Offered on: March 25, 2002   at: 1:20 p.m.     Status: Adopted

Senate

Number: 007778/1 (PDF)     Offered on: April 5, 2002   at: 3:03 p.m.     Status: Adopted

Roll Call Votes (Legislative dates are shown):

House

March 24, 2002: Third Reading Passed (140-0)

April 6, 2002: Third Reading Passed (127-1)

Senate

April 4, 2002: Third Reading Passed (47-0)