Referred to the House Business & Financial Services Committee on January 8, 2018
Substitute offered in the House on January 16, 2018
Authorizes a personal property insurer to include goods and services intended to reduce either the probability of loss, or the extent of loss, or both, from a covered event as part of a policy of personal property insurance, with the prior approval of the Office of the Insurance Commissioner (OIC).
? Limits the value of authorized goods and services to $1,000 per 12-month period.