SENATE BILL 807

Sponsored By:

Senator DeGrange

Entitled:

Homeowner's Insurance - Cancellation

Synopsis:

Authorizing an insurer to cancel a specified 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

Senate Action

2/13

First Reading Senate Rules

2/15

Re-referred Finance

2/21

Hearing 3/15 at 1:00 p.m.

3/22

Favorable with Amendments Report by Finance

Favorable with Amendments Report Adopted

Second Reading Passed with Amendments

3/25

Third Reading Passed (46-0)

4/4

Senate Concur - House Amendments

Third Reading Passed (46-0)

Passed Enrolled

5/15

Governor vetoed - Policy

House Action

3/25

First Reading Economic Matters

3/27

Hearing 4/2 at 1:00 p.m.

4/4

Favorable with Amendments Report by Economic Matters

4/1

Favorable with Amendments Report Adopted

Second Reading Passed with Amendments

4/2

Third Reading Passed with Amendments (138-0)

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:

Senate

Number: 347972/1 (PDF)     Offered on: March 22, 2002   at: 1:55 p.m.     Status: Adopted

House

Number: 243096/1 (PDF)     Offered on: April 4, 2002   at: 10:40 a.m.     Status: Adopted

Roll Call Votes (Legislative dates are shown):

Senate

March 25, 2002: Third Reading Passed (46-0)

April 4, 2002: Third Reading Passed (46-0)

House

April 2, 2002: Third Reading Passed (138-0)