Residential Property Insurance

Summary

The bill would make the Office of Insurance Regulation maintain an online resource center that explains rates, market data, claim processes and consumer rights. It also tells insurers they must point customers to that site when offering or renewing policies, and it forbids them from adding the value of the land to a homeowner’s coverage amount or claim payment. The goal is to give consumers clearer, comparable information and prevent inflated coverage calculations.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

Topics

Share