Homeowner's Insurance Premium Reductions

Summary

The bill would make insurers automatically apply premium discounts to policyholders who go 36 months without filing a claim, even if they have only major‑storm claims, and to those who install approved mitigation upgrades. It also creates reporting and transparency rules for insurers and the Office of Insurance Regulation. The aim is to reward responsible homeowners and encourage home hardening.

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

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