SB 1040 Summary

• Allows insurers to use "send" to mean delivery by mail, personal delivery, fax, or electronic means compliant with title 44, chapter 26, instead of requiring specific mailing methods in various insurance statutes.

• Creates new section 20-123 establishing that notices sent by mail must go to the recipient's last known mailing address, and notices sent electronically must go to the recipient's last known email address on file with the insurer.

• Modifies section 20-239 to clarify electronic delivery requirements, including requirement for distinct advanced electronic consent for notices under section 20-1632 and allowing email or posting to accessible websites/applications with email notification.

• Updates multiple insurance code sections (sections 20-239 through 20-2637) replacing specific language about "mailing," "delivering," and "mail" with the more flexible term "send" to streamline notice delivery requirements.

• Allows insurers to refund unearned premiums by electronic means previously established with the insured for making and receiving premium payments, as an alternative to mailing refunds.