The bill is a joint resolution from the Montana Legislature requesting an interim study on the property insurance market in the state. It highlights the significant challenges faced by homeowners, landlords, and tenants due to rising property insurance costs, which have increased by 44.3% from 2019 to 2024. The resolution points out that Montana has experienced one of the fastest increases in insurance rates in the nation, with a notable impact on businesses and the affordability of housing. The study aims to evaluate the causes of these rising costs, their impact on insurance rates, and to analyze potential policy strategies to stabilize the property insurance market, making it more accessible and affordable for residents.

The resolution calls for the Legislative Council to designate an appropriate interim committee to conduct this study, with all aspects required to be completed by September 15, 2026. Furthermore, the final results, including findings and recommendations, are to be reported to the 70th Legislature. The bill underscores the urgency of addressing the issues surrounding property insurance in Montana, particularly in light of the increasing frequency of wildfires and the disproportionate impact on minority populations in the state.