Modified current law regarding process by which policyholder may request a certified copy of their insurance policy from homeowner's insurance carrier, duty to comply.
Clarified request must be in written form and received by carrier registered agent.
Carrier's window of time to make policy available begins when agent receives request.
Imposed penalty against carrier that fails to comply with policyholder's request for a certified copy of their policy in amount of $50 per day for each day the carrier is late.
Legislative History
On Apr. 4, 2025, bill introduced into House; on Apr. 25, 2025, bill passed the House.
On Apr. 28, 2025, bill introduced into Senate; on May 6, 2025, bill passed the Senate.
On May 13, 2025, bill signed by House, Senate; delivered to governor for approval.
Effectiveness
If enacted, takes effect 12:01 a.m. on day after expiration of 90-day period after final adjournment of the general assembly; adjourned May 7, 2025, effective Aug. 6, 2025.
Jun. 2025 COL LEG Governor Approval
On Jun. 3, 2025, COL LEG reported that HB 25-1322 was approved by the governor.
Regulators
COL LEG
Entity Types
Ins
Reference
Act, 6/3/2025; Bill HB25-1322, 5/13/2025; Citation: COL INS 10-4-1-110.8;
