Business Interruption Insurance Coverage Act of 2020

Summary

Business Interruption Insurance Coverage Act of 2020 This bill requires insurers that provide business interruption coverage to insure as part of this coverage losses from a viral pandemic, a government-ordered business closure or evacuation, or a power disruption conducted for public safety purposes. The bill also nullifies provisions in a business interruption insurance contract in force on the date of enactment that exclude such an event from coverage. An insurer may reinstate such an exclusion if (1) the insured authorizes the reinstatement in writing, or (2) the insured fails to pay the corresponding premium increase after adequate notice by the insurer of such an increase.

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Timeline

1. 14 April 2020

   Introduced

   Referred to the House Committee on Financial Services.

   Source: IntroReferral

2. 14 April 2020

   Introduced

   Introduced in House

   Source: IntroReferral

3. 14 April 2020

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in House · 14 April 2020 · Official file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 14 April 2020

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 14 April 2020

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 14 April 2020

  Open at official source

Sponsors

• Rep. Thompson, Mike [D-CA-4] · D · Sponsor
• John Larson · D · Sponsor
• ALCEE HASTINGS · D · Sponsor
• Grace Napolitano · D · Sponsor
• Mike Rogers · R · Sponsor
• Jerry McNerney · D · Sponsor
• Gilbert Cisneros · D · Sponsor
• TJ Cox · D · Sponsor
• Rep. Garamendi, John [D-CA-8] · D · Sponsor
• Rep. Soto, Darren [D-FL-9] · D · Sponsor
• Katie Porter · D · Cosponsor
• Rep. Khanna, Ro [D-CA-17] · D · Cosponsor
• Charlie Crist · D · Cosponsor
• Rep. Cohen, Steve [D-TN-9] · D · Cosponsor
• · hsba00 · Standing

Related records

No cross-record relationships stored yet.