Old | New | Differences | |
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1 | 1 | ||
2 | 2 | ||
3 | 3 | LCO No. 3100 1 of 2 | |
4 | 4 | ||
5 | 5 | General Assembly Proposed Bill No. 6688 | |
6 | 6 | January Session, 2019 | |
7 | 7 | LCO No. 3100 | |
8 | 8 | ||
9 | 9 | ||
10 | 10 | Referred to Committee on INSURANCE AND REAL ESTATE | |
11 | 11 | ||
12 | 12 | ||
13 | 13 | Introduced by: | |
14 | 14 | REP. WILSON PHEANIOUS, 53 | |
15 | 15 | rd Dist. | |
16 | 16 | ||
17 | 17 | ||
18 | 18 | ||
19 | 19 | ||
20 | 20 | ||
21 | 21 | AN ACT CONCERNING FINANCIAL ASSISTANCE FOR CRUMBLING | |
22 | 22 | CONCRETE FOUNDATIONS. | |
23 | 23 | Be it enacted by the Senate and House of Representatives in General | |
24 | 24 | Assembly convened: | |
25 | 25 | ||
26 | 26 | That chapter 698 of the general statutes be amended to provide that 1 | |
27 | 27 | (1) the captive insurance company established pursuant to section 38a-2 | |
28 | 28 | 91vv of the general statutes shall not refuse to provide financial 3 | |
29 | 29 | assistance to, or designate as inactive any application for financial 4 | |
30 | 30 | assistance filed by, any homeowner because such homeowner has filed 5 | |
31 | 31 | a civil action seeking damages for the deterioration of such 6 | |
32 | 32 | homeowner's concrete foundation, and (2) each homeowner who 7 | |
33 | 33 | receives financial assistance from such company and recovers damages 8 | |
34 | 34 | from such an action shall, if the amount of such damages exceeds the 9 | |
35 | 35 | amount of such assistance, (A) reimburse such company for such 10 | |
36 | 36 | assistance, and (B) pay to such company any portion of such damages 11 | |
37 | 37 | that exceeds the sum of the amount of such assistance and the amount 12 | |
38 | 38 | of all costs incurred by such homeowner to repair such deterioration. 13 Proposed Bill No. 6688 | |
39 | 39 | ||
40 | 40 | ||
41 | 41 | LCO No. 3100 2 of 2 | |
42 | 42 | ||
43 | 43 | Statement of Purpose: | |
44 | 44 | To expand the number of homeowners who are eligible for financial | |
45 | 45 | assistance for crumbling concrete foundations and recover civil | |
46 | 46 | damages awarded to homeowners in certain circumstances. |