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Legislative Year: 2025 Change
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Bill Detail: HB25-1182

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Title Risk Model Use in Property Insurance Policies
Status House Considered Senate Amendments - Result was to Laid Over Daily (04/06/2025)
Bill Subjects
  • Health Care & Health Insurance
  • Insurance
House Sponsors B. Titone (D)
K. Brown (D)
Senate Sponsors L. Cutter (D)
C. Simpson (R)
House Committee Business Affairs and Labor
Senate Committee Business, Labor and Technology
Date Introduced 02/10/2025
AI Summary
Summary

For the purposes of underwriting homeowners and other property
insurance policies, the bill requires insurers who use a wildfire risk
model, a catastrophe model, a combination of models, or a scoring
method to adhere to specific requirements that concern the sharing of
information with the commissioner of insurance and the public, the
inclusion of specific activities in the models, and providing notices to
policyholders.

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