AN ACT CONCERNING THE ASSIGNMENT OF POST-LOSS HOMEOWNERS AND COMMERCIAL PROPERTY INSURANCE BENEFITS, CONSUMER BILL OF RIGHTS AND REVISING DISCLOSURE REQUIREMENTS FOR HOME IMPROVEMENT CONTRACTORS AND SALESPERSONS.

Summary

The bill requires any agreement that transfers a homeowner’s or commercial‑property insurance payout to a contractor to be in writing, include a clear cancellation right, provide itemized cost estimates, and be sent to the insurer promptly. It also bans hidden fees and forces a bold warning notice to the policyholder. The aim is to protect policyholders from unfair terms when they assign post‑loss benefits.

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