- District 67
Insurance; Creates Property Insurance Commission; provides for election of Commissioner of Insurance Regulation; revises homeowners' eligibility criteria for mitigation grants; requires interests earned on insurance proceeds received by mortgagees & assignees to be paid to insureds; prohibits property insurers from claiming insolvency under certain circumstances; authorizes persons that engage in property insurance activities in other states to engage in insurance activities in this state only under certain circumstances; requires property insurers to cap premiums or to create sliding fee scales for premium rates; prohibits property insurers from using certain defenses as claims denials; revises requirements for risk assignment agreements; requires OPPAGA to conduct study of effectiveness of property insurance mediation program. APPROPRIATION: $300,000,000
No votes to display
Died in Insurance & Banking Subcommittee
Referred to Insurance & Banking Subcommittee
Referred to State Administration & Technology Appropriations Subcommittee
Referred to Commerce Committee
Now in Insurance & Banking Subcommittee
1st Reading (Original Filed Version)
|Bill Text Versions||Format|
|H 1477 Filed|
|No related documents.|
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