SEARCH SITE

VIRGINIA LAW PORTAL

SEARCHABLE DATABASES

ACROSS SESSIONS

Developed and maintained by the Division of Legislative Automated Systems.

2019 SESSION

  • | print version

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.