Bill Summary

SB 1070 Personal Lines Residential Property Insurance (2024 Session)
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Sponsors
by García (I)
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Summary
Personal Lines Residential Property Insurance; Requiring an insurer, before issuing a personal lines residential property insurance policy, to offer a policy that provides a coverage limit on the dwelling equal to the unpaid principal balance of all mortgage loans on the risk; prohibiting a personal lines residential property insurer from requiring a coverage limit that includes the value of the land upon which the dwelling sits, etc. Effective Date: 7/1/2024
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committees of reference
» S Banking and Insurance
   S Appropriations Committee on Agriculture, Environment, and General Government
   S Fiscal Policy
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Actions
12/27/23
SENATE
Filed
01/04/24
SENATE
Referred to Banking and Insurance; Appropriations Committee on Agriculture, Environment, and General Government; Fiscal Policy
03/08/24
SENATE
Died in Banking and Insurance
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bill text & filed amendments
1070
Filed on 12/27/23
PDF
No amendments to this bill text filed.
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Statute Citations
627.70122
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