The Senate last month passed Senate Bill 200 unanimously. The bill ‘provides important consumer protections for property insurance contracts by improving the reliability of mailed notifications of policy cancellation or renewal.’ The bill has already been released from committee and should be acted upon when the Senate returns in March.
Section 1 of this bill requires insurers to deliver any homeowners’ notices of cancellation or nonrenewal by USPS certified mail or USPS Intelligent Mail barcode.
Further, whereas currently an insurer can cancel or non-renew a policy because of two non-weather-related claims over the lifetime of the policy, this legislation provides a reasonable claims lookback period for non-weather-related claims, as is already the case for claims in other portions of the insurance code.
Section 2 of this bill precludes an insurance carrier from refusing to renew a homeowners’ policy based on non-weather claims unless 2 or more claims occur within the 36-month period immediately preceding the expiration of the current policy period.
| SB200 – Consumer Protections for Property Insurance Contracts | Currrent Status – Senate Passed 21-0. Out of Committee 3/19/24 |
| House Sponsors – Baumbach, Heffernan, Johnson, Morrison, Osienski, Parker Selby, Williams, Wilson-Anton // Smith | Senate Sponsors – Sokola, Hansen, Hocker, Hoffner, Huxtable, Mantzavinos, Poore, Sturgeon, Walsh |
| House Yes Votes – | Senate Yes Votes – Brown Gay Hansen Hoffner Huxtable Lockman Mantzavinos McBride Paradee Pinkney Poore Sokola Sturgeon Townsend Walsh // Buckson Hocker Lawson Pettyjohn Richardon Wilson |
| House No Votes – | Senate No Votes – |
| House Absents or Not Voting – | Senate Absent or Not Voting – |
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