IN HB1514

Establishes that late notice of an environmental claim does not automatically invalidate insurance coverage if the claimant shows they provided notice as soon as reasonably possible, or if the insurer cannot demonstrate material prejudice from the delay

Preserves environmental liability coverage when a policyholder sells assets to another party that assumes liability for damages caused during the original policy term

Prevents dissolution of a business, death of an individual, or bankruptcy from invalidating environmental liability coverage or relieving insurers of payment obligations

Allows claimants to bring direct legal action against insurers when the potentially liable party has dissolved, died, or become insolvent

Requires anyone applying for state funds to investigate or remediate pollution damage to first investigate and pursue coverage under any applicable liability insurance policy