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Committee adopts Dash 4 for insurer wildfire‑risk modeling bill and refers amended bill to rules
Summary
The committee adopted a Dash 4 amendment to SB 15 40 limiting disclosure of risk‑scores, replacing 'approval' with 'review' language for models, adding actuarial requirements for discounts, and moving the operative date to July 1, 2027; the amended bill was advanced to the floor with a referral to Senate Rules.
The Senate Committee on Natural Resources and Wildfire on Feb. 12 adopted a Dash 4 amendment to Senate Bill 15 40 and advanced the amended bill to the floor while requesting referral to the Senate Committee on Rules.
Alexa summarized SB 15 40 as a bill that would require insurers using selected risk modeling methods to submit those models or methods to the Department of Consumer and Business Services for review, require insurers to consider community or property mitigation when assessing risk, and require disclosures, mitigation incentives and an appeals process applicable to fire, casualty, property and homeowners policies.
Dave Jones, former insurance…
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