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 authorized to consult 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 required 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 to RSA 412, specifically section 412:14-a, which outlines the reporting requirements and definitions related to fortified homes and commercial property standards. The term "fortified homes and commercial property standards, and other mitigation and resiliency programs" is defined to encompass measures aimed at reducing losses from extreme weather events. The act is set to take effect on January 1, 2027.

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