Bill > H807

This bill requires insurance companies to provide specific written notice to the primary policyholder and their insurance producer (an agent or broker who sells insurance) at least 45 days before a policy's expiration date if there's a premium increase exceeding 15% or if there are any changes to the coverage, such as elimination, reduction, or an increased deductible, that were not requested by the insured. The notice for coverage changes must detail what is being altered and be separate from the renewal policy. If an insurer fails to give this notice, the current coverage will continue until proper notice is given or the insured obtains new coverage. The bill also clarifies that notice to the insurance producer is not required if the producer is an employee or an exclusive agent of the insurer, but the primary policyholder must always be notified. This section does not apply to changes in coverage due to a shift in the nature or extent of the risk being insured.