AN ACT REQUIRING THE INSURANCE DEPARTMENT TO CONDUCT A STUDY OF CERTAIN HOMEOWNERS INSURANCE PRACTICES.

SB 1016 requires Connecticut's Insurance Department to study homeowners insurance practices that mandate policyholders to make repairs or modifications to their homes as a condition for obtaining or maintaining coverage. The study must examine how often these practices occur, their financial impact on homeowners, whether required modifications are reasonable, and how they compare to insurance requirements in other states. The department must submit a report with findings and recommendations to the legislature by January 1, 2026. This bill directly affects homeowners who face such insurance conditions and insurers who may be subject to future policy changes based on the study's results. The legislation does not change current insurance rules but mandates a review to inform potential future actions.