Relating To Property Insurance.
Engrossed on 3/10/26
Summary
Amendment can translate this bill from legal jargon into easy-to-understand language. Sign up to try it for free.
- Takes 30 seconds
- Free
- No credit card required
From the Legislature
Requires homeowners insurance producers to notify policyholders that they may submit information regarding improvements made to the insured residential property, which shall then be submitted to the homeowners insurer. Requires homeowners insurers to reevaluate the replacement cost estimate based on the information submitted by a policyholder, and offer the policyholder the option to purchase additional coverage to cover the full amount of the replacement cost estimate. Establishes an administrative penalty. Effective 7/1/3000. (HD1)
Sponsors
Roll Call Votes
Senate Commerce and Consumer Protection: Passed, With Amendments
5 Yea
DRDDD0 Nay
Calendar
Feb 25
9:32 AM
Mar 31
2:05 PM