Bill
HB 25-1302
Overview: HB 25-1302, Increase Access Homeowner's Insurance Enterprises, was introduced in the House on March 14, 2025. The bill has been postponed indefinitely by the Senate Commi
Overview: HB 25-1302, Increase Access Homeowner's Insurance Enterprises, was introduced in the House on March 14, 2025. The bill has been postponed indefinitely by the Senate Committee on Finance.
Purpose and Intent: The primary goal of this bill was to increase access to homeowner's insurance by encouraging the establishment of new insurance enterprises in the state. The rationale was to promote competition and potentially lower insurance costs for homeowners.
Key Provisions:
- Provides tax credits and other financial incentives to encourage the creation of new homeowner's insurance companies
- Requires the state insurance commissioner to streamline the licensing and approval process for new insurance enterprises
- Mandates that the state-run insurance exchange include a minimum number of homeowner's insurance options
Affected Parties and Impacts: The bill would have primarily benefited homeowners by potentially increasing the availability and affordability of homeowner's insurance. It could have also supported the growth of the insurance industry within the state.
Procedural and Timeline Considerations: The bill has been postponed indefinitely by the Senate Committee on Finance, effectively ending its progress in the current legislative session.
Compiled from official sources — confirm details with the bill’s official record.
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