HB 2322-S - DIGEST |
(DIGEST AS ENACTED) |
Authorizes a property insurer to: (1) With prior approval of the insurance commissioner, include certain goods and services intended to reduce the probability of loss or the extent of loss from a covered event as part of a policy of property insurance, except commercial property insurance; and |
(2) Conduct a pilot program as a risk mitigation and/or prevention strategy through which the insurer offers or provides risk mitigation and/or prevention goods and/or services in connection with an insurance policy covering property risks, except commercial property insurance. |
Limits the value of goods and services to one thousand five hundred dollars in value in the aggregate in any twelve-month period. |