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UT HB0562
Bill
Status
Failed
3/6/2026
Primary Sponsor
Jennifer Dailey-Provost
Click for details
AI Summary
- Creates the Access to Insurance Plan Association as an independent state agency to provide residential and commercial property insurance when coverage is unavailable in the private market
- Requires applicants to obtain declinations from at least three admitted insurers before qualifying for coverage through the fair plan
- Mandates all admitted insurers writing property insurance in Utah to participate in the association, with expenses and losses apportioned based on each insurer's direct written premiums in the state
- Establishes a nine-member board appointed by the governor, including representatives from mutual and stock insurance corporations, trade organizations, licensed producers, and consumers, serving three-year terms
- Takes effect May 6, 2026, with the insurance commissioner granted oversight, enforcement authority (including fines up to $5,000), and rulemaking power
Legislative Description
Homeowners Insurance Amendments
Business
Last Action
House/ filed in House file for bills not passed
3/6/2026
Committee Referrals
Natural Resources, Agriculture, and Environment2/27/2026
Rules2/13/2026
Full Bill Text
No bill text available