End of Session Summary
Our State elected officials meet for about 5 months every two years. This year, the 89th Legislative session, ended on June 2 with little to show for property owners in the Bay Area. There were only a handful of bills that would have affected our insurance. Only two passed and are waiting for the Governors signature.
Our Representative’s Denial of Service Bill
Representative Dennis Paul and our Senator Mayes Middleton filed joint bills that requires an insurance company to send you a letter if they deny or cancel your policy. It also requires this data to be provided to the Insurance Commission. That’s all it does. In the end I have no idea how this bill will help us. Our premiums have skyrocketed. We were in need of help. This bill does not help.
Other Bills
You can read the entire list of insurance related bill here. Below is a summary of the ones I thought were important.
SB1644. Passed. Relating to the use of a consumer’s credit score in the underwriting or rating of certain personal lines property and casualty insurance policies. (Does NOT prohibit the use of credit scoring)
HB2741. Failed. Relating to prohibiting the use of credit scoring in certain lines of personal insurance.
SB1082. Failed. Relating to declination and nonrenewal of residential and personal automobile insurance policies based on previous claims.
HB854. Failed. Relating to payment of the replacement cost of lost or damaged property under a homeowner’s, renter’s, or condominium owner’s insurance policy.
HB2515. Failed. Relating to prohibiting insurers from requiring the bundling of personal automobile or residential property insurance policies.
HB1576. Failed. Relating to a grant program for hurricane and windstorm loss mitigation for single-family residential property. (Fashioned like Alabama’s Fortify program)
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