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Legislation


2004 Regular Session

HOUSE BILL 1326

File Code: Insurance - Other than Health Crossfiled with: SENATE BILL 805
Sponsored By:
Delegates Doory, Bozman, Cadden, Cane, V. Clagett, Conway, D. Davis, Hammen, Krysiak, Love, McHale, Minnick, Walkup, and Weir
Entitled:
Homeowner's Insurance Premiums - Escrow - Substantial Property Damage

Synopsis:

Authorizing a consumer to request the Insurance Commissioner to review the amount of a premium that the consumer has paid or will pay for residential real property under a homeowner's insurance policy; requiring the Commissioner to determine if the premium may need to be decreased to reflect the loss of value of the property; requiring the Commissioner to consider if specified claims have been denied or approved for an amount that is less than the amount needed to return the property to the condition it was in prior to the event; etc.

History by Legislative Date

House Action
2/16
First Reading House Rules and Executive Nominations
3/1
Re-referred Economic Matters
3/8
Hearing 3/16 at 1:00 p.m.
3/25
Withdrawn
Senate Action
No Action
Sponsored by:
Delegate Ann Marie Doory, District 43
Delegate K. Bennett Bozman, District 38B
Delegate Joan Cadden, District 31
Delegate Rudolph C. Cane, District 37A
Delegate Virginia P. Clagett, District 30
Delegate Norman H. Conway, District 38B
Delegate Dereck E. Davis, District 25
Delegate Peter A. Hammen, District 46
Delegate Carolyn J. Krysiak, District 46
Delegate Mary Ann E. Love, District 32
Delegate Brian K. McHale, District 46
Delegate Joseph J. Minnick, District 6
Delegate Mary Roe Walkup, District 36
Delegate Michael H. Weir, Jr., District 6
Bill indexed under the following Subjects:
CONSUMER PROTECTION -see also- UNFAIR TRADE PRACTICES
EMERGENCIES
ESCROW ACCOUNTS
INSURANCE ADMINISTRATION
INSURANCE -see also- HEALTH INS; MAIF; MOTOR VEHICLE INS
NOTICES
PRICES -see also- CONSUMER PRICE INDEX
REAL PROPERTY
RULES AND REGULATIONS
Bill affects the following Statute:
Insurance
( 27-304.2 )

Documents:

Bill Text: First Reading (PDF), Third Reading, Enrolled
Fiscal Note: Available (PDF)
Amendments: None offered
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