Relating to insurance policies that cover motor vehicles declared to be a total loss; declaring an emergency.
Catchline/Summary:
Prohibits insurer from denying insured's claim under motor vehicle insurance policy if insurer learns that motor vehicle was previously declared total loss. Prohibits insurer from denying insured's claim under motor vehicle insurance policy if insurer learns that motor vehicle was previously declared total loss. Permits insurer to cancel insurance policy under specified conditions.
Provides that cancellation of motor vehicle insurance policy because insurer learns that motor vehicle was previously declared total loss is not effective unless insurer refunds premium payments insured made under policy or renewal of policy.
Declares emergency, effective on passage.
Chapter Number:
Fiscal Impact:
May Have Fiscal Impact, But No Statement Yet Issued
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HB 2932 House Committee On Consumer Protection and Government Efficiency
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