Requires homeowner’s insurance providers to provide two months’ notice before increasing any policy renewal premium more than 20% and a violation constitutes a deceptive trade practice punishable by a fine not to exceed $1,000.
Introduced on 1/9/26
Summary
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From the Legislature
INSURANCE-CASUALTY INSURANCE GENERALLY-LIMITATIONS ON POLICY CANCELLATIONS AND RENEWALS - Requires homeowner’s insurance providers to provide two months’ notice before increasing any policy renewal premium more than 20% and a violation constitutes a deceptive trade practice punishable by a fine not to exceed $1,000.
Sponsors
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10
0
Democratic CaucusRepublican Caucus
Roll Call Votes
Senate Committee on Commerce: Be held for further study
10 Yea
RDDDDDDDDD0 Nay
1 Absent
DCalendar
Mar 31
12:00 AM
Senate Commerce Hearing