Bill Text: GA SB295 | 2011-2012 | Regular Session | Introduced

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Bill Title: Insurance Policies; residential property; limit unfair cancellation/nonrenewal; claims based on damage from storms (PF)

Spectrum: Partisan Bill (Democrat 2-0)

Status: (Introduced - Dead) 2012-01-10 - Senate Read and Referred [SB295 Detail]

Download: Georgia-2011-SB295-Introduced.html

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12 LC 35 2362

Senate Bill 295

By: Senators Seay of the 34th and Sims of the 12th

A BILL TO BE ENTITLED
AN ACT

To amend Code Section 33-24-46 of the Official Code of Georgia Annotated, relating to cancellation or nonrenewal of certain residential real property insurance policies, so as to limit unfair cancellation or nonrenewals of policies for claims based on damage from storms or natural disasters under certain circumstances; to provide for related matters; to repeal conflicting laws; and for other purposes.

BE IT ENACTED BY THE GENERAL ASSEMBLY OF GEORGIA:

SECTION 1.

Code Section 33-24-46 of the Official Code of Georgia Annotated, relating to cancellation or nonrenewal of certain residential real property insurance policies, is amended by adding a new subsection to read as follows:

"(n)(1) For purposes of this subsection, the term 'natural disaster or storm' means:

(A) An atmospheric disturbance manifested in strong winds accompanied by rain, snow, or other precipitation, including hurricanes and tornadoes;

(B) Lightning;

(C) Wind with a speed from 48 to 55 knots, 55 to 63 miles per hour, or 89 to 102 kilometers per hour;

(D) Precipitation in the form of rain, snow, hail, or sleet; and

(E) Effects caused by a hazard created in nature, including a flood, earthquake, forest fire, and landslide.

(2) Any provision of this Code section not withstanding, no residential real property insurance policy shall be cancelled or subject to nonrenewal for any number of claims against the policy where such claims are attributable to a natural disaster or storm and where the policy holder has held such policy of insurance for the insured residential real property for ten or more consecutive years."

SECTION 2.

All laws and parts of laws in conflict with this Act are repealed.