Relating To Insurance.
Last status update Jan 17, 2025
What this measure contains
Requires insurers to provide advance written notice to policyholders and the Insurance Commissioner, with reasonable explanations and primary factors, of any policy cancellation, non-renewal, or proposed premium increase, if, upon renewal, premiums are scheduled to increase more than ten per cent. Requires insurers that provide property insurance to file rate schedules and underlying criteria with the Insurance Commissioner. Requires the Insurance Commissioner to conduct periodic reviews of insurance rates and submit annual reports to the Legislature. Requires the Insurance Commissioner to establish a Public Reporting and Dispute Resolution Program to handle complaints and appeals regarding premium increases. Requires insurers to provide premium discounts or credits to policyholders that implement disaster risk mitigation measures.
Source summary of the imported measure. Amendments can change the wording; read a specific version for its complete provisions.
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- Introduced · Official document ↗· Jan 16, 2025
Related measures
- SB802— Same As
- HB254— Carry Over
Related measures may contain different language or follow different histories.
Floor actions reported in the history
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Legislative history
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Pending introduction.
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Introduced and Pass First Reading.
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Referred to CPC, FIN, referral sheet 1
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Carried over to 2026 Regular Session.