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Legislation


2004 Regular Session

SENATE BILL 805

File Code: Insurance - Other than Health Crossfiled with: HOUSE BILL 1326
Sponsored By:
Senator Klausmeier, Middleton, and Stone
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 certain 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

Senate Action
2/16
First Reading Senate Rules
2/23
Re-referred Finance
2/25
Hearing 3/9 at 1:00 p.m.
3/25
Unfavorable Report by Finance
House Action
No Action
Sponsored by:
Senator Katherine Klausmeier, District 8
Senator Thomas McLain Middleton, District 28
Senator Norman R. Stone, 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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