SB 2966: PROPERTY INSURANCE; TOTAL LOSS; NOTICE; ADJUSTMENT; REFUND
- Session Year: 2025-2026
- House: Senate
- Latest Version Date: 2026-01-23
Current Status:
In Progress
(2026-01-30: Referred to CPN.)
Introduced
In Committee
First Chamber
In Committee
Second Chamber
Final Decking
Enacted
Version:
Requires
insurers, after a policyholder experiences a total loss, to automatically
refund any unearned premium; adjust premiums for subsequent policy terms to
reflect the absence of a dwelling, structure, or contents; and provide
policyholders with clear notice of the coverage needed for vacant property or
while rebuilding.