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Senate committee concurs in House Bill 136 to allow insurer premium reductions for home preventive measures
Summary
The Senate Business and Labor Committee voted to concur in House Bill 136 as amended, approving language that would let insurers offer premium reductions to policyholders who install certain preventive measures such as fire alarms and comply with wildland-urban interface code provisions. The bill moves to the Senate floor.
The Senate Business and Labor Committee on an unspecified date voted to concur in House Bill 136 as amended, a proposal to permit insurers to provide benefits or premium reductions to policyholders who undertake specified preventive measures.
The committee adopted an amendment that adds specific qualifying measures to the bill’s…
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