An act relating to monitoring the homeowners insurance market in Vermont and protecting consumers

This bill directs Vermont's Commissioner of Financial Regulation to study the state's homeowners insurance market, specifically examining how weather events like flooding have impacted insurance rates and availability. The legislation requires the commissioner to assess whether these conditions have created a limited or non-existent voluntary market for homeowners across the state. If the study finds such market failures, the bill would authorize the creation of a joint underwriting association to help protect homeowners from potential insurance shortages. This measure focuses on data collection and market analysis rather than mandating specific insurance changes at this stage.