INSURANCE/PROPERTY: Provides relative to mandatory binding arbitration with respect to property insurance policies

HB 379 requires property insurance disputes to go through mandatory binding arbitration instead of court. It directly affects policyholders and insurers by changing who pays arbitration costs - specifically adding language that policyholders may be responsible for "payment of the costs of arbitration, or a portion thereof." The key provision amends existing language to clarify cost allocation in the arbitration process. This bill focuses on procedural changes to dispute resolution within property insurance claims.