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2004 SESSION

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HB 439 Homeowners insurance; coverage for windstorms and hail.

Introduced by: Terrie L. Suit | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Property and casualty insurance; windstorm and hail coverage. Authorizes the Virginia Property Insurance Association (VPIA) to issue windstorm or windstorm and hail insurance policies. The measure also authorizes property insurers underwriting in the voluntary market of Virginia's coastal areas to exclude (in new policies only) from coverage on owner-occupied dwellings any losses resulting from windstorm or windstorm and hail, provided the insurer (i) issues premium credits for such exclusions and (ii) furnishes written disclosures to insureds describing the exclusions and informing insureds that coverage for windstorm or windstorm and hail can be obtained through the VPIA. This bill is identical to SB 433.

FULL TEXT

• 01/14/04  House: Presented & ordered printed, prefiled 01/13/04 047118520  pdf | impact statement

HISTORY

• 01/14/04  House: Presented & ordered printed, prefiled 01/13/04 047118520
• 01/14/04  House: Referred to Committee on Commerce and Labor
• 02/10/04  House: Stricken from docket by C. & L. (22-Y 0-N)