An Act relative to homeowners’ insurance

This bill requires insurers to submit hurricane loss projection models and rate calculation methods to the Attorney General's office 90 days before rate hearings, with confidentiality protections for trade secrets. Homeowners can request reduced coverage if their policy exceeds 10% above a property's assessed or appraised value, and insurers must offer policies matching the lower value plus 10%. Insurers must annually submit their rate calculation methods to the insurance division for review. The bill also mandates that insurance associations offer homeowners at least 10 premium payment options.