HB8 Alabama 2024 Session

Summary

Primary Sponsor

Chip Brown Representative

Republican

Session

Regular Session 2024

Title

Property insurance, policy cancellation, nonrenewal, reduction of coverage, insurers required to provide prior written notice, circumstances under which policy cancellation, nonrenewal or coverage restriction by insurer deemed ineffective.

Description

Under existing law, there is no state law generally requiring insurers to provide a person insured under a property insurance policy with prior notice of policy cancellation, nonrenewal, or reduction of coverage.

This bill would require insurers to provide persons insured under property insurance polices at least 90 days prior written notice of a policy cancellation, nonrenewal, or coverage restriction.

This bill would also deem policy cancellation, nonrenewal, or reduction of coverage by an insurer ineffective under certain limited circumstances.

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Subjects

Insurance