H1611: Insurance

Legislative Summary

Revising the entities for which the Office of Insurance Regulation is required to conduct market conduct examinations; requiring insurers and insurer groups to file a specified supplemental report on a monthly basis; prohibiting insurers from canceling and nonrenewing policies covering dwellings and residential properties damaged as a result hurricanes or wind losses within certain timeframes; providing exceptions to such prohibitions against eligible surplus lines insurers within certain timeframes; etc.