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Omnibus insurance bill would change nonrenewal windows, condo master‑policy rules and more
Summary
Rep. Layman described HB 12‑60 as an omnibus insurance bill with provisions on consumer notices for large rate changes, expanding nonrenewal notice windows (targeted to homeowners), narrowing small condo master policy requirements, and several technical fixes (data fees, aerial photography, farm mutual succession, guarantee fund language); committee will consider amendments and held the bill for next week.
Representative Layman described House Bill 12‑60 as an omnibus vehicle to address a set of noncontroversial insurance items and several technical fixes. Key elements he outlined include extending the nonrenewal notice window for homeowner policies (originally 20 days) to 60 days to give consumers more time to find coverage, clarifying when condo associations under a certain size may…
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