Bill Summary
HB 129 Sinkhole Coverage (2014 Session)
Sinkhole Coverage: Requires Citizens Property Insurance Corporation to submit biannual report on number of residential sinkhole policies requested, issued, & declined & reasons for declining coverage; requires corporation to establish Citizens Sinkhole Stabilization Repair Program for sinkhole claims; prohibits corporation from requiring policyholder to advance payment for stabilization repairs provided under program; provides requirements & procedures for selecting stabilization repair contractors to conduct stabilization repairs; requires stabilization repairs to be conducted pursuant to contract; provides requirements for such contracts; requires policyholder to select contractor from pool within certain time period; specifies additional requirements with respect to program; requires corporation to offer specified deductible amounts for sinkhole loss coverage; requires OPPAGA to conduct study of program & submit report to Governor, CFO, & Legislature; provides severability. Effective Date: July 1, 2014
10/02/13
HOUSE
Filed
11/05/13
HOUSE
Referred to Insurance & Banking Subcommittee; Regulatory Affairs Committee
11/05/13
HOUSE
Now in Insurance & Banking Subcommittee
02/04/14
HOUSE
On Committee agenda - Insurance & Banking Subcommittee, 02/11/14, 3:30 pm, 404 H
02/11/14
HOUSE
Favorable by Insurance & Banking Subcommittee; 13 Yeas, 0 Nays
02/12/14
HOUSE
Now in Regulatory Affairs Committee
04/01/14
HOUSE
On Committee agenda - Regulatory Affairs Committee, 04/03/14, 8:30 am, 404 H
04/03/14
HOUSE
Favorable with CS by Regulatory Affairs Committee; 12 Yeas, 4 Nays
04/07/14
HOUSE
Committee Substitute Text (C1) Filed
04/07/14
HOUSE
Placed on calendar, on 2nd reading
04/07/14
HOUSE
Placed on Special Order Calendar, 04/09/14
04/09/14
HOUSE
Read Second Time; Placed on Third Reading, 04/11/14
04/11/14
HOUSE
Read Third Time; Passed (Vote: 85 Yeas / 25 Nays)
04/21/14
SENATE
In Messages
04/21/14
SENATE
Received; Referred to Banking and Insurance; Appropriations Subcommittee on General Government; Appropriations
05/02/14
SENATE
Died in Banking and Insurance
627.351
627.706

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