Current law only regulates home warranty service contracts for pre-owned homes. The bipartisan House Bill 15-1223 will extend this regulation to include new homes, This bill will allow new homeowners to seek legal relief if there a disagreement with home warranty service companies regarding their new home. It will also help ensure that new homeowners […]
LEGISLATIVE ACTIVITIES 2015
In 2015, as House District 7’s Representative I worked hard with my colleagues at the State Capitol to fight for economic opportunity for all and to ensure that our communities are safe for our families. As Chair of the House Business and Labor Affairs Committee, I helped pass legislation out of my committee that will help create a more business friendly environment in our state. Below are some of the bills that I worked on, as well as some that have gone through the Business Committee.
–Angela Williams, State Representative for House District 7
This bill ensures that consumers are paying fair insurance premiums and improves the reliability of life insurance by overhauling a decades old regulatory structure used to generate insurance reserves. This bill authorizes the Commissioner of Insurance to adopt a new method to calculate life insurance reserves called principle based reserves (“PBR”). This new method would […]