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Bill

A 1192

Relates to owner's policy of liability insurance

2025 Regular Session Introduced by Jonathan Jacobson and 1 co-sponsor

Bill A 1192 clarifies liability insurance for property owners, setting minimum coverage requirements to ensure adequate protection against claims and liabilities.

REFERRED TO INSURANCE
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WeVote Research Nonpartisan
Bill Summary · A 1192

Summary of Bill A 1192: Owner's Policy of Liability Insurance

Bill Overview

  • Bill Number: A 1192
  • Title: Relates to owner's policy of liability insurance
  • Status: Referred to Insurance Committee
  • Introduced On: January 09, 2025
  • Classification: Legislative Bill

Purpose and Intent

Bill A 1192 aims to amend existing regulations regarding owner's policies of liability insurance. The primary intent is to enhance the clarity and effectiveness of liability coverage for property owners, ensuring that they are adequately protected against potential claims and liabilities arising from their properties.

Key Provisions

While the specific text of the bill is not provided, typical provisions in similar legislation may include:
- Clarification of Coverage: Defining the scope of liability insurance coverage for property owners, including exclusions and limitations.
- Minimum Coverage Requirements: Establishing minimum liability coverage amounts that property owners must maintain to protect against claims.
- Policyholder Rights: Outlining the rights of policyholders in the event of a claim, including the process for filing claims and receiving compensation.
- Regulatory Compliance: Mandating that insurance providers comply with new standards to ensure fair practices in underwriting and claims processing.

Affected Parties

  • Property Owners: Individuals and entities that own property will be directly impacted by changes to liability insurance requirements and coverage options.
  • Insurance Companies: Insurers will need to adapt their policies and practices to comply with the new regulations set forth in the bill.
  • Legal Professionals: Attorneys and legal advisors may see changes in the way liability claims are handled, potentially affecting their practice areas.

Procedural Aspects

  • The bill was introduced on January 09, 2025, and has been referred to the Insurance Committee for further consideration.
  • As it progresses through the legislative process, it may undergo amendments or revisions based on feedback from stakeholders and committee discussions.

Related Legislation

Bill A 1192 is connected to several prior-session bills, which may provide context or precedent for its provisions:
- A 7934
- A 1439
- A 2967
- A 2213
- A 1574

These related bills may address similar issues or propose alternative solutions regarding liability insurance for property owners.

Conclusion

Bill A 1192 represents an important step in refining liability insurance policies for property owners. By clarifying coverage and establishing minimum requirements, the bill seeks to protect property owners and ensure they are adequately insured against potential liabilities. As the bill moves through the legislative process, stakeholders will have opportunities to engage and provide input on its provisions.

Compiled from official sources — confirm details with the bill’s official record.

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