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AR HB1840
Bill
Status
Failed
5/1/2017
Primary Sponsor
J.P. Johnson
Click for details
AI Summary
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Adds Arkansas Code 23-88-106 requiring insureds to use a portion of insurance proceeds from fire damage claims to pay for debris removal on one to four family owner-occupied dwellings
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Mandates property insurance insurers require insureds to use insurance proceeds to complete debris removal before making full payment on fire damage claims
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Requires insurers to retain 10% of claim payments until confirming that debris from the fire damage has been removed and cleared from the insured property
Legislative Description
Concerning The Application Of Insurance Proceeds Resulting From Fire Damage To Property Covered By Property Insurance.
Last Action
Died in House Committee at Sine Die Adjournment
5/1/2017
Committee Referrals
Insurance and Commerce3/2/2017
Full Bill Text
No bill text available