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Sponsors say HB 652 would extend nonrenewal notices for many policies from 30 to 60 days
Summary
Representatives Brian Lorenz and Brennan told the committee HB 652 extends required nonrenewal notice for many commercial and homeowners policies from 30 to 60 days, includes a six‑month delayed effective date, automatic short extension when notices are late and an option for electronic notices; committee members raised concerns about small insurers' compliance and IT costs.
Representatives Brian Lorenz and Brennan presented House Bill 652, which would extend the required nonrenewal notice for certain commercial and residential property policies from 30 to 60 days and delay implementation for six months to allow insurers time to update systems. "This…
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