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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 avoid a master policy and instead allow owners to carry individual policies, and authorizing the Department of Insurance to study and create a fee structure for claims‑data access (with fees for outside users, not state/local entities).
Layman said an amendment will address aerial photography (HB 12‑61) that insurers use for underwriting and that the bill will include language intended to protect small farm mutuals facing reinsurance loss by enabling limited emergency succession options. He also said guarantee fund language (management and enforcement changes) will be included as a technical update.
Stakeholders including Marty Wood (Insurance Institute of Indiana) and Amy Nelson (Fair Housing Center Central Indiana) spoke to the committee. Wood thanked the sponsor for engagement on technical changes; Nelson supported the consumer‑facing disclosure and notice pieces and cited concerns about rising escrow and homeowners' costs. Chair and members previewed amendments (a searchable in‑network provider directory requirement and tweaks to timing for birthday rule and policy effective dates) and said they would take up amendments and votes next week.
