S09134Introduced in the Senate
Defines "default insurance" means insurance providing first-party indemnity to a named insured for losses, costs, and expenses sustained by the named insured arising from a third party's material failure, as determined by the named insured, to perform a binding agreement executed by the named insured and such third party, where the third party is not an insured or beneficiary and has no rights under the policy.
Introduced by Jeremy Cooney, District 56
What does this bill do?
Plain-English breakdown
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Official description
Defines "default insurance" means insurance providing first-party indemnity to a named insured for losses, costs, and expenses sustained by the named insured arising from a third party's material failure, as determined by the named insured, to perform a binding agreement executed by the named insured and such third party, where the third party is not an insured or beneficiary and has no rights under the policy.
Where it stands
REFERRED TO INSURANCE
February 5, 2026
How did lawmakers vote?
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Bill history
REFERRED TO INSURANCE
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