HB1721

Establishes a process for timely and sufficient additional living expense benefits for insureds following property losses.

The Additional Living Expense Fairness and Expedited Closure Adjudication Act aims to ensure timely and sufficient additional living expense benefits for insureds following property losses. It creates a uniform, fast, and fair adjudication process administered by the Department of Insurance. The act defines key terms such as "ALE," "Commissioner," and "Displacement." It grants the Commissioner exclusive jurisdiction to adjudicate disputes regarding ALE matters and authorizes insurers and insured parties to institute a petition.