Concerning wildfire risk models and score disclosure.
What changed between versions
Changed the bill title from 'Substitute' to 'Engrossed Substitute' to reflect its final legislative status.
Restricted the bill's application to 'residential personal lines property insurance' only, removing coverage for commercial or other property types.
Added a specific requirement for insurers to disclose wildfire risk information only when premiums are 'adversely impacted' or when coverage is declined/cancelled due to wildfire risk.
Refined disclosure requirements to distinguish between factors within a consumer's control (requiring improvement steps) and those outside their control (where only a list of factors is required).
Limited the requirement to provide revised wildfire risk scores to once per policy period, rather than an unspecified frequency.
Changed the requirement for posting discount information on websites to list the 'potential amount' of discounts rather than a specific guaranteed amount.
Reduced the deadline for insurers to respond to wildfire risk score appeals from 30 calendar days to 20 business days.
