SB 337
Allows insurers to depreciate the value of insured property by the cost expended to repair it
Sponsor:
LR Number:
1464S.01I
Committee:
Insurance and Banking
Last Action:
2/2/2017 - Second Read and Referred S Insurance and Banking Committee
Journal Page:
S218
Title:
Calendar Position:
Effective Date:
August 28, 2017

Current Bill Summary

SB 337 - This act provides that insurance policies may allow for a depreciation in subsequent value of insured property based on the amount of money paid under the policy to replace, repair, or rebuild it.

ERIC VANDER WEERD

Amendments