Bills › 89th General Assembly
Where it is now
- Done: IntroducedJanuary 20, 2022
- Done: SubcommitteeJanuary 20, 2022
- Done: House committeeFebruary 3, 2022
- Skipped: Passes the HouseContinued as HF 2299
- Next: Senate committee
- Next: Passes the Senate
- Next: To the Governor
- Next: Signed into law
Became HF 2299 → Its progress continues under the new number. Go to HF 2299 What’s a funnel?
What’s in it
AI summary If a person and their fire insurance company cannot agree on how much money a loss is worth, either side can ask for an appraisal. Under this new rule, both the person and the insurance company must agree in writing before they start the process of picking independent experts to value the loss. Once they agree, each side has a set number of days to choose an appraiser and tell the other side who they picked.1
Read the official explanation
This bill relates to fire insurance policies and to appraisals of insured losses. The bill provides that if the insured and the insurer fail to agree on the actual cash value or the amount of a loss, either party may make a written request for an appraisal. _____ insured and the insurer agree in writing to an appraisal, each shall have up to days from the date the last party agrees to an appraisal to select a competent and disinterested appraiser and to notify the other party of the appraiser selected. Under current law, upon the written demand of either the insured or the insurer, both parties are required to select a competent and disinterested appraiser and to notify the other party of the appraiser selected within days of such demand. The bill applies January 1, 2023, to fire insurance policies issued for delivery, continued, or renewed in this state, and to insured losses incurred under such policies, on or after that date.
Changed since by amendments H-8077, H-8071; see Amendments.
House subcommittee
Named January 20, 2022. Meeting: Thursday, January 27 · 12:30 PM · RM 19.
Three legislators hear a bill first and recommend what the committee should do; it’s the best time to weigh in. How to take part
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89th General Assembly