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Committee advances bill requiring homeowners' deductibles be shown on insurance declaration page
Summary
The Senate Insurance & Commerce Committee voted to pass Senate Bill 48, which requires all policy deductibles for owner-occupied residential property to appear on the declaration page of the insurance policy.
Senate Bill 48, sponsored by Senator Justin Boyd, was advanced by the Senate Insurance & Commerce Committee after a brief presentation and no recorded opposition.
The bill requires insurers to place all policy deductibles for owner-occupied residential property on the policy's declaration page so insured homeowners can find deductible amounts more readily. "This law is just a good consumer friendly bill," Senator Justin Boyd said in…
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