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2026 HB 5263: An Act Concerning The Assignment Of Post Loss Homeowners And Commercial Property Insurance Benefits, Consumer Bill Of Rights And Revising Disclosure Requirements For Home Improvement Contractors And Salespersons.
To: (1) Establish a process for the assignment of post-loss benefits under homeowners and commercial property insurance policies; (2) modify the required terms of home improvement contracts; (3) preclude home improvement contractors from engaging in certain conduct to induce owners to enter into home improvement contracts; (4) require home improvement contractors to notify the commissioner regarding changes in their business names, trade names and addresses; (5) require home improvement contractors to maintain additional types of insurance coverage; (6) expand the required content of the application for a certificate of registration as a home improvement contractor; (7) modify the grounds on which the Commissioner of Consumer Protection may (A) reprimand or place a home improvement contractor or salesperson on probation, or (B) revoke, suspend, or refuse to issue or renew a certificate of registration as a home improvement contractor or salesperson; and (8) require the Insurance Commissioner to create a consumer bill of rights.