Relating to construction liability insurance; declaring an emergency.
Catchline/Summary:
Authorizes Director of Department of Consumer and Business Services to establish reporting, collection and processing system to monitor availability and affordability of liability insurance for construction contractors and others in construction industry.Requires Director of Department of Consumer and Business Services to appoint Construction Contractors Insurance Advisory Committee. Requires committee to advise director concerning data needed to monitor availability and affordability of construction contractor liability insurance and to assess effectiveness of recommendations of Task Force on Construction Claims.]
Permits director, after consultation with committee, to determine data needed, to establish data reporting system and to require insurers to provide data. Requires director to weigh costs to insurers and state agencies against expected benefits from data collection.]
Authorizes Director of Department of Consumer and Business Services to establish reporting, collection and processing system to monitor availability and affordability of liability insurance for construction contractors and others in construction industry. Authorizes director to determine and assess claim trends related to construction defect liability claims.
Authorizes director to require insurers to provide data that allow director to establish system and to determine and assess claim trends.
Declares emergency, effective on passage.
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HB 2781 House Committee On Elections, Ethics and Rules
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