AB 466
Revises certain notice requirements imposed on an insurer who issues a policy of portable electronics insurance. (BDR 57-797)
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- Passed Assembly
- Passed Senate
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Bill overview
This bill changes the rules about how insurance companies must notify policyholders and vendors regarding portable electronics insurance policies. Specifically, it eliminates the requirement that insurers follow regulations set by the Commissioner when sending notices electronically. The bill also clarifies that existing rules regarding insurer termination of policies due to fraud, non-payment, or limit exhaustion apply to portable electronics insurance policies, and requires insurers to provide 30-day notice of termination to affected parties.
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