HB3799

Illinois HB3799 mandates insurance companies to notify policyholders of non-renewal and cancellation, and requires participation in climate risk.

HB3799 amends the Illinois Insurance Code to ensure insurance companies provide written notice of non-renewal and cancellation to policyholders. If the cancellation is within the first 60 days of coverage, notice must be sent at least 30 days prior. For coverage beyond 60 days, notice must be sent at least 60 days prior. If cancellation is due to nonpayment, notice must be sent at least 10 days prior. The bill also requires insurers to participate in climate risk surveys issued by the Illinois Department of Insurance and the National Association of Insurance Commissioners.