CS/CS/HB 367: Home and Service Warranty Association Financial Requirements

GENERAL BILL by Commerce Committee, Insurance & Banking Subcommittee, Conerly

Home and Service Warranty Association Financial Requirements; Revises circumstances under which certain service warranty associations are not required to establish unearned premium reserves or to maintain contractual liability insurance & are authorized to allow their premiums to exceed specified ratios; requires service warranty contracts that include coverage for certain accidental damage to be covered by contractual liability policies.

Current Bill Version Posted: 3/19/2025 11:47 AM

• Related Bills (3)

  Bill Number Subject Filed By Last Action and Location	Relationship Learn more about bill relationships
  S 282 (er) by Truenow Warranty Associations Last Action: 4/29/2025 S Ordered enrolled	Similar
  H 1281 by Berfield Department of Financial Services Last Action: 5/3/2025 H Indefinitely postponed and withdrawn from consideration	Compare
  S 1522 by McClain Department of Financial Services Last Action: 5/3/2025 S Indefinitely postponed and withdrawn from consideration	Compare

• Citations - Statute (3)

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  634.3077	Financial requirements.	Page 1 [pdf]
  634.406	Financial requirements.	Page 3 [pdf]
  634.414	Forms; required provisions.	Page 8 [pdf]

• Bill History

  S = Senate, H = House

  2/4/2025	H	• Filed
  2/12/2025	H	• Referred to Insurance & Banking Subcommittee • Referred to Commerce Committee • Now in Insurance & Banking Subcommittee
  3/3/2025	H	• Added to Insurance & Banking Subcommittee agenda
  3/4/2025	H	• 1st Reading (Original Filed Version)
  3/5/2025	H	• Favorable with CS by Insurance & Banking Subcommittee
  3/7/2025	H	• Reported out of Insurance & Banking Subcommittee • Laid on Table under Rule 7.18(a) • CS Filed • 1st Reading (Committee Substitute 1)
  3/10/2025	H	• Referred to Commerce Committee • Now in Commerce Committee
  3/13/2025	H	• Added to Commerce Committee agenda
  3/17/2025	H	• Favorable with CS by Commerce Committee
  3/19/2025	H	• Reported out of Commerce Committee • Laid on Table under Rule 7.18(a) • CS Filed • 1st Reading (Committee Substitute 2)
  3/20/2025	H	• Bill referred to House Calendar • Added to Second Reading Calendar
  4/29/2025	H	• Laid on Table, refer to CS/CS/SB 282