Bill > HB691

This bill aims to increase consumer protections from deceptive insurer endorsements of home repair businesses and protect consumers from related deceptive home repair business advertising. Key provisions include: 1. Prohibiting insurers from making, publishing, or disseminating any untrue, deceptive, or misleading endorsements of home repair businesses. 2. Holding insurers liable for compensating consumers who relied on the insurer's deceptive endorsement and were harmed by the home repair business. 3. Imposing administrative penalties of up to $50,000 on insurers who fail to timely comply with the Department's notification to pay consumers for the home repair business's default. 4. Requiring insurers to use the home repair business's registered name in any endorsements. The bill seeks to address issues where homeowners, after suffering property damage, rely on insurer recommendations for home repair businesses that have a poor track record, leading to further consumer harm.