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Bills · 2019-2020 Regular Session

AB 305

Died at session end Official bill text Atom feed

Relating to: notice of change in terms or premium amount for insurance policy renewal.

Insurance — Policy

  1. Introduced, stopped here
  2. Passes Assembly, not reached
  3. Passes Senate, not reached
  4. Governor signs, not reached
  5. Law, not reached

Unfamiliar terms? Glossary

What this bill does

Plain-language analysis by the nonpartisan Legislative Reference Bureau

Under current law, an insurer who offers to renew an insurance policy on less

favorable terms or with a premium increase of at least 25 percent generally must

notify the policyholder about the new terms or the increased premium at least 60

days prior to the renewal date. If the insurer is unable to determine the actual

amount of the premium increase at that time, the insurer may provide the

policyholder with a good faith estimate of the amount. If the insurer fails to provide

notice before the 60-day deadline, the new terms or premiums do not take effect until

60 days after the notice is mailed or delivered to the policyholder, and the

policyholder may cancel the policy at any time during those 60 days. This bill reduces

the 60-day time frames to 45 days for personal lines property and casualty policies.

Sponsors

Introduced by: Doyle (D) , Felzkowski (R) , Kulp (R) , Petryk (R) , Ramthun (R) , Skowronski (R) , Thiesfeldt (R)

5 cosponsors

Bewley (D) , Craig (R) , LeMahieu (R) , Schachtner (D) , Stroebel (R)

Full history

  1. Jun 20, 2019 · Assembly

    Introduced by Representatives Felzkowski, Doyle, Kulp, Petryk, Ramthun, Thiesfeldt and Skowronski; cosponsored by Senators Craig, Bewley, LeMahieu, Schachtner and Stroebel

  2. Jun 20, 2019 · Assembly

    Read first time and referred to Committee on Insurance

  3. Oct 1, 2019 · Assembly

    Public hearing held

  4. Apr 1, 2020 · Assembly

    Failed to pass pursuant to Senate Joint Resolution 1