KY HB256 | 2024 | Regular Session
Status
Completed Legislative Action
Spectrum: Partisan Bill (Republican 1-0)
Status: Passed on April 5 2024 - 100% progression
Action: 2024-04-05 - signed by Governor
Text: Latest bill text (Engrossed) [PDF]
Spectrum: Partisan Bill (Republican 1-0)
Status: Passed on April 5 2024 - 100% progression
Action: 2024-04-05 - signed by Governor
Text: Latest bill text (Engrossed) [PDF]
Summary
Create a new section of Subtitle 2 of KRS Chapter 304 to establish the Strengthen Kentucky Homes Program; establish purpose; create the Strengthen Kentucky Homes Program fund; require the commissioner of insurance to promulgate administrative regulations to implement and administer program; create new sections of Subtitle 13 of KRS Chapter 304 to require property insurance companies to provide a premium discount or rate reduction for properties that have received a qualifying certificate of compliance under certain circumstances; permit the insurance commissioner to promulgate administrative regulations to establish standard discount amounts, targets, or benchmarks for coverage; require property insurance companies to offer an optional rider, endorsement, or supplemental policy provision to upgrade non-FORTIFIED single-family dwellings under certain circumstances; provide that Sections 2 and 3 of Act apply to insurance policies and contracts issued or renewed on or after March 1, 2026; provide when submissions are required for premium discounts or rate reductions and the optional rider, endorsement, or supplemental policy provision under Sections 2 and 3 of this Act; provide that the Act may be cited as the Strengthen Kentucky Homes Act; APPROPRIATION.
Title
AN ACT relating to the promotion of stronger homes to resist losses due to catastrophic weather events and making an appropriation therefor.
Sponsors
Roll Calls
2024-03-28 - Senate - Senate: Third Reading RSN# 3131 (Y: 37 N: 1 NV: 0 Abs: 0) [PASS]
2024-03-07 - House - House: Third Reading RCS# 239 (Y: 91 N: 0 NV: 0 Abs: 7) [PASS]
2024-03-07 - House - House: Third Reading RCS# 239 (Y: 91 N: 0 NV: 0 Abs: 7) [PASS]
History
| Date | Chamber | Action |
|---|---|---|
| 2024-04-05 | House | signed by Governor |
| 2024-03-28 | House | delivered to Governor |
| 2024-03-28 | House | enrolled, signed by President of the Senate |
| 2024-03-28 | House | enrolled, signed by Speaker of the House |
| 2024-03-28 | House | received in House |
| 2024-03-28 | Senate | 3rd reading, passed 37-1 |
| 2024-03-27 | Senate | passed over and retained in the Consent Orders of the Day |
| 2024-03-26 | Senate | passed over and retained in the Consent Orders of the Day |
| 2024-03-25 | Senate | posted for passage in the Consent Orders of the Day for Tuesday, March 26, 2024 |
| 2024-03-22 | Senate | 2nd reading, to Rules as a consent bill |
| 2024-03-21 | Senate | reported favorably, 1st reading, to Consent Calendar |
| 2024-03-13 | Senate | to Banking & Insurance (S) |
| 2024-03-08 | Senate | to Committee on Committees (S) |
| 2024-03-08 | Senate | received in Senate |
| 2024-03-07 | House | 3rd reading, passed 91-0 with Committee Substitute (2) |
| 2024-03-06 | House | posted for passage in the Regular Orders of the Day for Thursday, March 07, 2024 |
| 2024-03-05 | House | reported favorably, to Rules with Committee Substitute (2) |
| 2024-02-02 | House | recommitted to Appropriations & Revenue (H) |
| 2024-02-01 | House | 2nd reading, to Rules |
| 2024-01-31 | House | reported favorably, 1st reading, to Calendar with Committee Substitute (1) |
| 2024-01-23 | House | to Banking & Insurance (H) |
| 2024-01-16 | House | to Committee on Committees (H) |
| 2024-01-16 | House | introduced in House |
Subjects
Administrative Regulations and Proceedings
Appropriations
Fiscal Note
Housing, Building, and Construction
Insurance
Real Estate
Safety
Short Titles and Popular Names
State Agencies
Appropriations
Fiscal Note
Housing, Building, and Construction
Insurance
Real Estate
Safety
Short Titles and Popular Names
State Agencies
