The proposed bill amends Section 27-34-8 of the General Laws concerning the Rhode Island Property and Casualty Insurance Guaranty Association, introducing significant changes to enhance its operational framework. Key provisions include a new limit of one million dollars ($1,000,000) for first-party property loss claims arising from insolvencies occurring after January 1, 2026, while maintaining existing limits for earlier insolvencies. The bill also clarifies the association's powers, including the right to contest settlements made within 120 days prior to a liquidation order and the ability to defer assessments for member insurers under certain conditions. Additionally, it mandates the association to submit annual financial reports and outlines the exclusive jurisdiction for legal actions involving the association. Furthermore, the bill establishes the "Strengthen Rhody Homes Program," aimed at providing grants for residential homeowners to enhance their properties against hurricanes and other catastrophic risks. It sets eligibility requirements for grant applicants and outlines the responsibilities of contractors and evaluators involved in funded projects. The bill also creates a "Strengthen Rhody Homes Revolving Fund" to support the program and repeals the existing Rhode Island Commission on Hurricane Loss Projection Methodology, removing its associated provisions. Overall, the legislation seeks to improve home resilience against windstorm damage while ensuring better financial protection for policyholders and streamlining the association's operations.