HB 269 Summary

• Establishes a limited lines insurance license for self-service storage facility owners to sell, solicit, and offer stored property insurance to occupants.

• Requires owners to make available brochures disclosing that insurance may duplicate existing homeowner/renter coverage, that purchase is not required for rental, material terms of coverage, and claim filing procedures.

• Permits owner employees and authorized representatives to sell stored property insurance without being licensed as insurance producers, provided they receive training from the insurer or supervising entity.

• Allows owners to bill and collect premiums from occupants, with charges separately itemized unless included in rental fees; owners must remit funds to the insurer within 60 days.

• Establishes licensing fees of $2 for initial issuance and $1 per year for renewal, with licenses valid for 24 months; existing owners must apply for licensure within 90 days of availability.