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Committee advances bill defining short-term rental platform 'guarantees' and gives Department of Insurance oversight
Summary
The committee gave HB296 a favorable report as amended after extended questioning about whether platforms host-damage guarantees count as insurance, how claims would be handled, and what financial backstops would be required; an exemption was adopted for companies with an in-state principal place of business.
The House committee advanced HB296 on a voice vote after adopting an amendment that exempts companies with a principal place of business in the state from certain requirements.
The bill, presented as a technical framework for online rental marketplaces, would define a host-damage guarantee that some platforms offer as a "perk" for listing properties and set rules for when such guarantees must be backed by reimbursement insurance and Department of Insurance oversight. Toby Roth, representing Airbnb, said the company views its host damage…
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