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2012 SESSION
SB 369 Fire insurance policy; notice regarding earthquake exclusion.
Introduced by: Bryce E. Reeves | all patrons ... notes | add to my profiles | history
SUMMARY AS PASSED:
Fire insurance; earthquake coverage notice. Requires fire insurance policies or contracts that exclude coverage for earthquake damage to provide a written notice that (i) conspicuously states that earthquake coverage may be excluded and (ii) if such coverage is available, states that information regarding earthquake insurance is available from the insurer or the insurance agent. The measure applies to policies issued or renewed on or after January 1, 2013. This bill is identical to HB 523.
SUMMARY AS PASSED SENATE:
Fire insurance; earthquake coverage notice. Requires fire insurance policies or contracts that exclude coverage for earthquake damage to provide a written notice that (i) conspicuously states that earthquake coverage may be excluded and (ii) if such coverage is available, states that information regarding earthquake insurance is available from the insurer or the insurance agent. The measure applies to policies issued or renewed on or after January 1, 2013.
SUMMARY AS INTRODUCED:
Fire insurance; earthquake coverage notice. Requires fire insurance policies that exclude coverage for earthquake damage to provide a written notice that earthquake coverage is excluded and that earthquake insurance may be available for an additional premium.