Committee/Subcommittee Amendment No. 1 to PCS for CS/CS/HB 799 (2023)

Summary

Amendment No. 1 to PCS for CS/CS/HB 799 (2023), offered by Representative Duggan in the Commerce Committee, with a publication stamp of 4/17/2023. The amendment removes lines 131-138 and inserts text on rates for personal lines policies written on or after November 1, 2023 that do not cover a primary residence, in relation to the rate increase limitations in subparagraph 5. It also addresses new policies and renewals where coverage was last provided by an insurer determined by the office to be unsound or placed in receivership under chapter 631.

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Cite this document

“Committee/Subcommittee Amendment No. 1 to PCS for CS/CS/HB 799 (2023).” Archived at Pandemic Darlings, https://pandemicdarlings.com/source-documents/2023-3220-commerce-committee-proposed-committee-bill-amendments-fn-pcs-45465c14b3/, SHA-256 cfab7f1c2ac5d33365a8a8dd5f8652f900a821ebb682aca1e710734e550bcdc7.

Full text

                                          COMMITTEE/SUBCOMMITTEE AMENDMENT
                                     Bill No. PCS for CS/CS/HB 799      (2023)
       Amendment No. 1




            COMMITTEE/SUBCOMMITTEE ACTION
       ADOPTED                       (Y/N)
       ADOPTED AS AMENDED            (Y/N)
       ADOPTED W/O OBJECTION         (Y/N)
       FAILED TO ADOPT               (Y/N)
       WITHDRAWN                     (Y/N)
       OTHER


 1     Committee/Subcommittee hearing bill:       Commerce Committee
 2     Representative Duggan offered the following:
 3
 4          Amendment
 5          Remove lines 131-138 and insert:
 6          8.     The following For any new or renewal personal lines
 7     policies policy written on or after November 1, 2023, are which
 8     does not cover a primary residence, the rate to be applied in
 9     calculating premium is not subject to the rate increase
10     limitations in subparagraph 5., but However, the policyholder
11     may not be charged more than 50 percent above, nor less than,
12     the prior year’s and may not be charged less than, the
13     established rate for the corporation: which was in effect 1 year
14     before the date of the application
15          a.     Policies that do not cover a primary residence; or


     PCS for CSCSHB 799 a1
      Published On: 4/17/2023 12:15:02 PM
                                    Page 1 of 2
                                         COMMITTEE/SUBCOMMITTEE AMENDMENT
                                   Bill No. PCS for CS/CS/HB 799     (2023)
       Amendment No. 1


16          b.   For new policies and subsequent renewals of those
17     policies where coverage for the insured risk, prior to the date
18     of application with the corporation, was last provided by an
19     insurer determined by the office to be unsound or an insurer
20     placed in receivership under chapter 631.
21




     PCS for CSCSHB 799 a1
      Published On: 4/17/2023 12:15:02 PM
                                  Page 2 of 2

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