Bill > S1057

This bill adds a new chapter to existing law in Idaho to implement the Insured Homeowner Protection Act. The key provisions include: 1. Defining "assignment of benefits contract or agreement" as a contract where a policyholder assigns the proceeds of an insurance claim to a residential contractor. 2. Giving policyholders the right to cancel such a contract within 5 business days or after receiving notice that the claim is not covered by their insurance policy. 3. Prohibiting residential contractors from offering to discount or rebate an insurance deductible as an inducement to sell their services. 4. Requiring assignment contracts to include specific disclosures about the policyholder's rights and the limitations on the insurer's coverage. 5. Requiring residential contractors to provide an itemized description of the work to be done before commencing repairs. The overall purpose of the bill is to protect homeowners from certain practices by residential contractors when dealing with insurance claims for property damage.

Business and Industry, Justice

Commerce and Human Resources Committee (Senate)

https://legislature.idaho.gov/sessioninfo/2021/legislation/S1057/