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Senate hearing spotlights homeowner risks from post-loss assignment-of-benefits; Insurance Commissioner backs SB 6,178
Summary
Sponsor Sen. Victoria Hunt and Insurance Commissioner Patty Kuderer told the committee SB 6,178 would bar contractors from soliciting post-loss assignment of benefits, protecting homeowners after disasters from losing negotiation rights; insurers and consumer-advocacy groups testified in favor.
The committee opened public testimony on Senate Bill 6,178, an agency-request consumer-protection bill from the Office of the Insurance Commissioner (OIC) that would prohibit certain post-loss assignment-of-benefits (AOB) agreements in property-insurance claims.
Staff explained an AOB lets a policyholder assign post-loss insurance benefits to a third party (for example, a repair contractor or remediation company), allowing that third party to negotiate directly with the insurer and to sue on the policyholder’s behalf. The bill would make agreements that solicit, coerce,…
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