TO REQUIRE AN INSURER TO INCLUDE A LIENHOLDER ON PAYMENTS MADE UNDER AN INSURANCE POLICY.

HB 1193 aimed to require insurance companies to include a lienholder's name on payments made under an insurance policy. This would primarily affect policyholders whose insured property, such as a motor vehicle, has an outstanding lien. However, the bill included exceptions, stating that the requirement would not apply to lienholders without a physical location in the state. For in-state lienholders, it would not apply if the motor vehicle damage claim was less than $2,500 or if the payment was made directly to a repair facility.