Generally revise insurance laws relating to nonrenewals and cancellation of certain insurance policies

SB 530 would require Montana insurers to provide specific reasons for nonrenewing or canceling policies, rather than vague justifications. It mandates 90 days' notice for cancellations (up from 45 days in some sections), requires insurers to disclose the basis for nonrenewal upon written request within 60 days, and gives policyholders a 21-day window to correct issues that led to cancellation. The bill also prohibits insurers from using simple coverage inquiries (not actual claims) as a reason to deny renewal or increase premiums. These changes directly affect policyholders seeking to maintain insurance coverage and insurers making renewal decisions. The bill died in committee during the 2025 legislative session.