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MT HB533

Bill

Status

Passed

5/8/2025

Primary Sponsor

Curtis Schomer

Click for details

Origin

House of Representatives

2025 Regular Session

AI Summary

  • Requires admitted insurers using wildfire risk scores for residential property evaluation or rating to disclose the current score, range of possible scores, score creator, creation date, and key factors that adversely affected the score upon request

  • Insureds, their insurance producers, or applicants for residential property insurance may request wildfire risk score information from insurers

  • Insurers must provide the requested information in writing within 30 days of receiving the request

  • Applies only to admitted insurers in Montana; nonadmitted insurers are exempt from these requirements

  • Codifies these provisions as part of Title 33, chapter 16 of Montana law (insurance regulations)

Legislative Description

Revise insurance laws relating to wildfire and real property

Insurance

Last Action

Chapter Number Assigned

5/13/2025

Committee Referrals

Business, Labor and Economic Affairs3/14/2025
Business & Labor2/18/2025

Full Bill Text

No bill text available