HB1148: Residential Condominium Unit Insurance - Lapses in Coverage - Prohibition on Denial

Legislative Summary

Prohibiting an insurer, with respect to residential condominium unit insurance, from refusing to issue a policy based solely on a prior lapse in coverage of the applicant if the lapse was due to an insurer's withdrawal from the market, the lapse in coverage was for no longer than 90 days, the applicant provides an affidavit that the applicant has not incurred any losses during the lapse in coverage, and the applicant provides any other documentation required by the insurer.