LRL Home - Legislation - Legislative archive system - Advanced search - Search results - Bill details
HB 33, 61st 2nd Called Session
Relating to enabling companies offering and selling policies of insurance on property within this State to secure reinsurance under the Federal Reinsurance Program as created by the Federal Urban Property Protection and Reinsurance Act of 1968 by creating a fund to be designated "Riot Reinsurance Reimbursement Fund" to be administered by the State Treasurer subject to certification by the State Board of Insurance; authorizing said Board to make assessments upon certain insurers authorized to do business in this State for amounts necessary to reimburse the Secretary of the Department of Housing and Urban Development; requiring that assessments be proportionate; making provisions for insolvency of insurers; providing for recovery of amounts paid as assessments.
Author: William T. "Bill" Swanson
Insurance--Property & Casualty
The Legislative Archive System is a work in progress. Complete information is not available for all bills and all sessions. Visit the Legislative Archive System status page for details. Please contact the Legislative Reference Library at 512-463-1252 if you have any questions.
Information on this website is provided as a public service by the Legislative Reference Library. The Legislative Reference Library makes no representation as to its completeness or accuracy and makes no warranty in regard to its use. Users assume all risk of reliance on the information included on this site.