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.
HB 445 - AMENDMENTS
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)