HB 759 Summary

• Adds mediators and neutral evaluators to entities subject to investigation by the Department of Financial Services for improper conduct.

• Prohibits denial of residential property insurance claims based on credit information if the policy has been in effect for more than 90 days, and prohibits cancellation or termination based on credit information after 90 days.

• Establishes requirements for assignment of post-loss benefits in residential property insurance policies, including notification to the insurer within 48 hours, specified scope of work, and prohibition on charges beyond the deductible.

• Creates a Homeowner Claims Bill of Rights requiring insurers to acknowledge claims within 14 days, provide coverage decisions within 30 days upon request, and settle or deny claims within 90 days.

• Requires emergency mitigation contractors for residential properties to possess appropriate certifications or valid contracting licenses, with written agreements specifying scope and price of work before performance.