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2019 SESSION
HB 1836 Fire insurance policies; change in amount of coverage.
Introduced by: Daniel W. Marshall, III | all patrons ... notes | add to my profiles | history
SUMMARY AS PASSED:
Fire insurance policies; change in amount of coverage. Prohibits an insurer from increasing or decreasing the amount of fire insurance coverage, including fire insurance in combination with other coverage, on commercial property under a policy that has been in effect for at least 60 days unless the first named insured has consented in writing to such a change.
SUMMARY AS PASSED HOUSE:
Fire insurance policies; change in amount of coverage. Prohibits an insurer from increasing or decreasing the amount of fire insurance coverage, including fire insurance in combination with other coverage, on commercial property under a policy that has been in effect for at least 60 days unless the first named insured has consented in writing to such a change.
SUMMARY AS INTRODUCED:
Fire insurance policies; change in amount of coverage. Prohibits an insurer from increasing or decreasing the amount of fire insurance coverage on commercial property under a policy that has been in effect for at least 60 days unless each named insured has consented in writing to such a change.