Sen. Carlos Smith

Initiating a Property Insurance Interstate Compact; Requiring the Commissioner of Insurance Regulation to initiate a compact with other states to establish a national risk pool for property insurance for natural disasters for a specified purpose; requiring the commissioner, as soon as feasible, to enter into the compact with a minimum number of member states, etc.

Law Enforcement and Immigration Officer Identifying Information and Face Coverings; Creating the "VISIBLE Act"; requiring covered immigration officers to wear specified visible identification during public immigration enforcement functions; providing requirements for such visible identification; prohibiting covered immigration officers from wearing face coverings that impair the visibility of identifying information or obscure a covered immigration officer’s face; prohibiting law enforcement officers from wearing face coverings in the performance of their official duties, etc.

Rating Factors for Automobile Liability Insurers; Prohibiting insurers providing automobile liability coverage from establishing or maintaining rates or rating classifications based on certain information, etc.

Homeowners’ Insurance Policies; Requiring insurers to reimburse homeowners for the cost of a specified roof inspection under certain circumstances; requiring insurers to make certain notifications to homeowners at a specified time, etc.

Resolution of Disputed Property Insurance Claims; Requiring, rather than authorizing, parties in a property insurance claim dispute to participate in mediation; providing that mediation is a condition precedent to commencing litigation; requiring all insureds, or their representatives, to attend the mediation; requiring the policyholder to provide the insurer with any information and certain documents within a specified timeframe after mediation is invoked; revising the definition of the term “claim”, etc. APPROPRIATION: $1,000,000

Insurers’ Financial Transactions; Requiring certain insurers to annually provide specified information to the Office of Insurance Regulation; requiring the office to contract annually with a specified entity to conduct a review of certain transactions; prohibiting an insurer from engaging in certain transactions with affiliates; prohibiting an insurer from declaring or paying dividends to shareholders or issuing executive bonuses under certain circumstances, etc.

Cost-sharing Requirements for Diabetes Management; Prohibiting health insurance policies from imposing a cost-sharing requirement exceeding a certain amount for a 30-day supply of insulin or any diabetes device or diabetic ketoacidosis device, etc.

Deactivation from Transportation Network Company Digital Networks; Defining the term “deactivation”; specifying circumstances under which deactivation may occur; requiring a transportation network company (TNC) to establish and maintain a deactivation policy; requiring TNCs to contract with a nonprofit organization for a specified purpose; authorizing deactivated drivers to appeal deactivation before a specified third-party arbitrator, etc.

Rate Filings for Property Insurers; Revising the powers of the consumer advocate; specifying that failure to obey certain court orders may be punished as contempt; authorizing a circuit court to order a person to pay certain expenses; prohibiting the Office of Insurance Regulation from approving certain rate filings, etc.

Tourist Development Taxes; Deleting a provision requiring that a specified percentage of all tourist development tax revenues be used to promote and advertise tourism, etc.