Relating to demolition reserves on fire and casualty claims on real property located within a city and requesting an interim study on such reserves

Dónde está ahora

1. ✓
   Hecho: Presentado5 de febrero de 2019
2. ✓
   Hecho: Subcomité12 de febrero de 2019
3. ✓
   Hecho: Comité del Senado11 de marzo de 2019
4. –
   Se saltó: Lo aprueba el SenadoSigue como SF 557
5. Sigue: Comité de la Cámara
6. Sigue: Lo aprueba la Cámara
7. Sigue: A gobernador(a)
8. Sigue: Firmado como ley

Ahora es SF 557 → Sigue avanzando con el número nuevo. Ir a SF 557 ¿Qué es el embudo (funnel)?

Qué contiene

La explicación oficial está en inglés; todavía no hay resumen en palabras sencillas.

This bill provides that an insurer that has issued a fire and casualty insurance policy for the payment of damages to real property located in a city must reserve an amount equal to $20,000 or 20 percent of the payment for damages, whichever is greater, as a demolition cost reserve. Currently, the required amount is $10,000 or 10 percent of the payment, whichever is greater. A city can claim proceeds from the reserve if the city incurs costs to demolish a building where the damage to the property renders it uninhabitable or unfit for its purpose, without repair, and proof of loss indicates that damage to the insured structure or building exceeds 75 percent of the face value of the policy covering the building or structure.

Texto completo del proyecto (en inglés)¹