2023 Regular Session HB 2449

• At the request of: (at the request of former Representative Wayne Krieger
• Bill Title: Relating to fire insurance that covers property located in the wildland-urban interface; prescribing an effective date.

Catchline/Summary

Prohibits insurer from canceling or raising premiums on policies of fire insurance by more than three percent if insured's property is located within wildland-urban interface or insured's primary employment or economic or business activity is farming or resource extraction. Specifies exceptions. Requires Department of Consumer and Business Services to determine by rule how to measure employment or economic or business activity for purposes of qualifying for limitations on cancellations and policy increases.

Takes effect on 91st day following adjournment sine die.

• Fiscal Impact: May Have Fiscal Impact, But No Statement Yet Issued
• Revenue Impact: May Have Revenue Impact, But No Statement Yet Issued
• Current Location: In House Committee
• Current Committee: House Committee On Business and Labor