00RS HB445


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HB 445 (BR 316) - S. Riggs, J. Bruce

     AN ACT relating to insurance.
     Create a new section of Subtitle 20 of KRS Chapter 304, the insurance code, to require a 30 percent discount on a homeowner's or fire insurance policy if the property has a fire protection sprinkler system.


     HCS - Delete original provisions and provide that every property insurer shall include a premium credit or discount provision in its rate filings for buildings equipped with an automatic sprinkler system; require the amount of the credit or discount to reflect the cost savings the insurer expects to realize in insuring property so equipped.

     Jan 24-introduced in House
     Jan 25-to Banking and Insurance (H)
     Feb 3-posted in committee
     Feb 10-reported favorably, 1st reading, to Calendar with Committee Substitute
     Feb 14-2nd reading, to Rules; posted for passage in the Regular Orders of the Day for Tuesday, February 15, 2000
     Feb 24-3rd reading, passed 98-0 with Committee Substitute
     Feb 25-received in Senate
     Feb 29-to Banking and Insurance (S)
     Mar 21-reported favorably, 1st reading, to Consent Calendar
     Mar 22-2nd reading, to Rules
     Mar 29-recommitted to Banking and Insurance (S)

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