Bills › 89th General Assembly
SSB 1168
Topics:Cities & counties
Where it is now
- Done: IntroducedJanuary 21, 2021
- Done: SubcommitteeFebruary 8, 2021
- Done: Senate committeeMarch 4, 2021
- Skipped: Passes the SenateContinued as SF 563
- Next: House committee
- Next: Passes the House
- Next: To the Governor
- Next: Signed into law
Became SF 563 → Its progress continues under the new number. Go to SF 563 What’s a funnel?
What’s in it
AI summary Insurance companies that cover property in cities would have to set aside more money to pay for tearing down damaged buildings. Instead of keeping $10,000 for these costs, they would now need to save at least $20,000. This change helps cities cover the expenses of demolishing structures that are too damaged to be repaired or lived in.1
Read the official explanation
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 percent of the payment for damages, whichever is greater, as a demolition cost reserve. Currently, the required amount is $10,000 or 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 percent of the face value of the policy covering the building or structure. The bill also includes a request that the legislative council establish an interim study committee for the purpose of reviewing the demolition reserve statute to consider whether the statute adequately meets the needs of cities of various sizes and geographic locations within the state.
Senate subcommittee
Named February 8, 2021. On February 23, 2021 it recommended amendment and passage.
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
Family tree
Tried before
Study bill
89th General Assembly
Earlier and later bills are matched by wording or an identical title.
Tried before
This idea has been filed in an earlier General Assembly. None got through a chamber.
- HF 225 Relating to demolition reserves on fire and casualty claims on real property located withi…88th General Assembly · Approved by committee · same titleCleared committee
Matched by wording or an identical title.