ID H0562

Increases the required notice period for cancellation of commercial insurance policies (property, liability, and multiperil) from 30 days to 60 days for reasons other than nonpayment of premium

Extends the nonrenewal notice requirement for commercial insurance policies from 45 days to 60 days before the expiration date

Increases the cancellation notice period for standard fire insurance policies from 30 days to 60 days, and adds a new requirement for 60 days written notice prior to nonrenewal

Requires cancellation and nonrenewal notices for fire policies to be accompanied by the reason for the action

Declares an emergency and takes effect July 1, 2026