This bill introduces several amendments to the property and casualty insurance laws. It clarifies the definition of "personal risk" in homeowners policies to include a broader range of non-commercial coverage, such as private passenger automobile policies, by removing the specific mention of "non-fleet automobiles on a personal" and "mobile homes." The bill also modifies the process for conducting audits on auditable basis policies, allowing for the use of electronic communication or virtual means in addition to physical inspections, telephone, or mail, by inserting "electronic communication" and removing the word "request."

Additionally, the bill requires insurers to state the specific reason for the cancellation or refusal to renew a policy, eliminating the previous requirement for the insured to request this information in writing. It also provides an exemption to the insurance claims adjusters statute for individuals who handle automobile glass claims exclusively. The effective date for these changes is set for January 1, 2025.

Statutes affected:
Introduced: 412:3, 412:35, 417-B:1, 417-B:4
As Amended by the House: 412:3, 412:35, 417-B:1, 417-B:4
As Amended by the Senate: 412:3, 412:35, 417-B:1, 417-B:4
Version adopted by both bodies: 412:3, 412:35, 417-B:1, 417-B:4
CHAPTERED FINAL VERSION: 412:3, 412:35, 417-B:1, 417-B:4