Business Interruption Insurance Coverage Act of 2020
Sponsored By: Representative Thompson, Mike [D-CA-4]
Unknown
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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Bill Overview
No Economic Impacts Identified for this Bill
Sponsors & CoSponsors
Sponsor
Thompson, Mike [D-CA-4]
CA • D
Cosponsors
Rep. Larson, John B. [D-CT-1]
CT • D
Sponsored 4/14/2020
Rep. Hastings, Alcee L. [D-FL-20]
FL • D
Sponsored 4/14/2020
Rep. Napolitano, Grace F. [D-CA-31]
CA • D
Sponsored 4/14/2020
Rep. Rogers, Mike D. [R-AL-3]
AL • R
Sponsored 4/14/2020
Rep. McNerney, Jerry [D-CA-9]
CA • D
Sponsored 4/14/2020
Rep. Cisneros, Gilbert Ray [D-CA-31]
CA • D
Sponsored 4/14/2020
Rep. Cox, TJ [D-CA-21]
CA • D
Sponsored 4/14/2020
Rep. Garamendi, John [D-CA-8]
CA • D
Sponsored 4/14/2020
Rep. Soto, Darren [D-FL-9]
FL • D
Sponsored 4/14/2020
Rep. Porter, Katie [D-CA-47]
CA • D
Sponsored 4/21/2020
Rep. Khanna, Ro [D-CA-17]
CA • D
Sponsored 5/1/2020
Rep. Crist, Charlie [D-FL-13]
FL • D
Sponsored 5/8/2020
Rep. Cohen, Steve [D-TN-9]
TN • D
Sponsored 5/8/2020
Roll Call Votes
No roll call votes available for this bill.
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