This bill mandates the commissioner of the insurance department to prepare and publish a report focused on fortified home and commercial property standards, as well as other mitigation and resiliency programs. The report aims to promote awareness and provide incentives for these standards, and it will be made available to purchasers of personal and commercial property insurance. The commissioner is required to utilize various resources, including FEMA flood maps and other relevant data, to identify areas at risk of price increases due to extreme weather events. The report is to be published by January 1, 2028, and subsequently every five years. Additionally, the commissioner may establish an advisory council to assist in these efforts and seek funding.

The bill introduces a new subdivision, RSA 412:14-a, which outlines the reporting requirements and definitions related to fortified homes and commercial property standards. It specifies that the report should be accessible on the insurance department's website and readily available to consumers in New Hampshire. The effective date for this act is set for January 1, 2027. Notably, the bill has been assessed to have no fiscal impact on state, county, or local expenditures or revenue.

Statutes affected:
Introduced: 412:1, 412:3, 412:4, 412:15, 417:4, 417-B:3
SB565 text: 412:1, 412:3, 412:4, 412:15, 417:4, 417-B:3