Hearing 2/03 at 1:00 p.m. (House)
Summary
The bill defines how insurers must calculate the actual cash value when settling first‑party property claims, using the lower of repair cost (minus depreciation) or the policy limit. It also requires insurers to give homeowners and renters at least 45 days' written notice of any coverage or deductible changes before a policy renewal. These steps aim to make claim payouts clearer and keep policyholders informed about what their renewed policies cover.
AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.
Ask about HB 283
3 free questions a day, no accountHearings
- Judiciary — Bill HearingJudiciary · Feb 3, 2026
History
- Hearing canceled
- Hearing 2/03 at 2:00 p.m.
- Hearing 2/03 at 1:00 p.m.
- First Reading Judiciary
- Pre-filed
Sponsors
- Chair, Judiciary Committee · sponsor
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