Revise property insurance laws relating to preventative measures to reduce damage

This bill allows property insurance companies in Montana to offer premium discounts or other benefits to homeowners who take specific steps to reduce the risk of fire, wind, and hail damage to their properties. The law clarifies that these discounts do not count as illegal rebates and must be clearly disclosed in writing to policyholders. It also updates existing insurance regulations to permit insurers to provide these incentives without violating rules against midterm premium increases or unfair rebate practices. Homeowners can qualify for discounts by using fire-resistant building materials, maintaining defensible space around their property, installing protective coverings, or taking other approved safety measures.