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| 2 | 2 | | |
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| 3 | 3 | | LCO No. 4923 1 of 2 |
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| 4 | 4 | | |
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| 5 | 5 | | General Assembly Raised Bill No. 7259 |
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| 6 | 6 | | January Session, 2019 |
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| 7 | 7 | | LCO No. 4923 |
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| 8 | 8 | | |
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| 9 | 9 | | |
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| 10 | 10 | | Referred to Committee on INSURANCE AND REAL ESTATE |
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| 11 | 11 | | |
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| 12 | 12 | | |
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| 13 | 13 | | Introduced by: |
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| 14 | 14 | | (INS) |
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| 15 | 15 | | |
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| 16 | 16 | | |
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| 17 | 17 | | |
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| 18 | 18 | | |
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| 19 | 19 | | AN ACT CONCERNING HO MEOWNERS INSURANCE POLICIES AND |
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| 20 | 20 | | COVERAGE FOR THE PER IL OF COLLAPSE. |
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| 21 | 21 | | Be it enacted by the Senate and House of Representatives in General |
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| 22 | 22 | | Assembly convened: |
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| 23 | 23 | | |
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| 24 | 24 | | Section 1. (NEW) (Effective October 1, 2019) Each insurance company 1 |
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| 25 | 25 | | that delivers, issues for delivery, renews, amends or endorses a 2 |
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| 26 | 26 | | homeowners insurance policy in this state on or after October 1, 2019, 3 |
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| 27 | 27 | | shall provide coverage for: 4 |
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| 28 | 28 | | (1) The peril of collapse, which shall include, but not be limited to, 5 |
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| 29 | 29 | | impairment of the structural integrity of all or part of the covered 6 |
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| 30 | 30 | | dwelling, where such impairment arises from factors including, but 7 |
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| 31 | 31 | | not limited to, (A) decay of a building, or any part of a building that is 8 |
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| 32 | 32 | | hidden from view, or (B) defective materials or construction methods 9 |
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| 33 | 33 | | used in the construction or renovation of a building or any part of a 10 |
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| 34 | 34 | | building; and 11 |
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| 35 | 35 | | (2) Mitigation that is undertaken to prevent all or part of the 12 |
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| 36 | 36 | | covered dwelling from falling down or caving in. 13 Raised Bill No. 7259 |
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| 37 | 37 | | |
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| 38 | 38 | | |
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| 39 | 39 | | |
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| 40 | 40 | | LCO No. 4923 2 of 2 |
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| 41 | 41 | | |
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| 42 | 42 | | This act shall take effect as follows and shall amend the following |
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| 43 | 43 | | sections: |
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| 44 | 44 | | |
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| 45 | 45 | | Section 1 October 1, 2019 New section |
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| 46 | 46 | | |
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| 47 | 47 | | Statement of Purpose: |
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| 48 | 48 | | To require homeowners insurance policies to provide coverage for the |
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| 49 | 49 | | peril of collapse and mitigation undertaken to prevent all or part of the |
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| 50 | 50 | | covered dwelling from falling down or caving in. |
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| 51 | 51 | | [Proposed deletions are enclosed in brackets. Proposed additions are indicated by underline, |
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| 52 | 52 | | except that when the entire text of a bill or resolution or a section of a bill or resolution is new, it is |
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| 53 | 53 | | not underlined.] |
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| 54 | 54 | | |
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