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2005 SESSION

• | print version

HB 833 Homeowners insurance; prohibits cancellations prior to closing of an owner-occupied dwelling.

Introduced by: Thelma Drake | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Homeowners insurance; cancellations. Prohibits the cancellation of a policy of insurance on an owner-occupied dwelling when such policy is issued prior to closing and the decision to cancel is based solely on information obtained from the Comprehensive Loss Underwriting Exchange or credit information contained in a consumer report. The bill also requires an insurer to make a decision as soon as practicable regarding insurance on an owner-occupied dwelling that is being purchased and, if approved, issue a binder for such coverage and not delay closing the purchase of the dwelling.

FULL TEXT

• 01/14/04  House: Presented & ordered printed, prefiled 01/14/04 040407296  pdf | impact statement

HISTORY

• 01/14/04  House: Presented & ordered printed, prefiled 01/14/04 040407296
• 01/14/04  House: Referred to Committee on Commerce and Labor
• 01/26/04  House: Assigned to C. & L. sub-committee: 2
• 02/10/04  House: Continued to 2005 in Commerce and Labor (22-Y 0-N)
• 12/10/04  House: Left in Commerce and Labor