Amendment H-8071 to HF 2299
Relating to fire insurance policies and to appraisals of insured losses, and including applicability provisions
Adopted · February 23, 2022Strike everything: replaces the whole bill
Filed February 22, 2022 in the House by
What it changes
- By striking everything after the enacting clause and inserting: “Section
- NEW SECTION . 515.109A Appraisals —— limitations on use. The appraisal process included in the standard fire policy in section 515.109, subsection 6, paragraph “a” , shall only be used to appraise a loss, stating separately actual cash value and loss to each item; and shall not be used to determine a dispute regarding the cause of a loss or to determine whether a loss is covered under the terms of the policy. Sec.
- APPLICABILITY. This Act applies January 1, 2023, to fire insurance contracts issued for delivery, continued, or renewed in this state, and to insured losses incurred under such contracts, on or after that date.”