Prohibiting the post-loss assignment of benefits in property insurance.

Where it is in the process

Plain-English Summary

This bill prohibits property insurance policyholders from assigning their insurance claim rights to a third party, such as a contractor, after a loss has occurred. The intent is to ensure policyholders maintain control over their claims. Exceptions are made for licensed public adjusters, attorneys, financial institutions, and liability coverage. Violations could result in a $50,000 fine per incident.

No official summary on file for this bill · generated by Gemini 2.5 Flash from its full text

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