Relates to business interruption insurance

This bill updates the state's insurance laws to formally recognize business interruption insurance as a distinct type of coverage. It allows this insurance to cover financial losses from business closures caused by property damage, violence on premises, or government orders. The legislation also expands the ability of licensed brokers to sell policies from out-of-state insurers that are not currently authorized to operate within the state. Additionally, the bill adjusts the minimum capital and surplus requirements that insurance companies must maintain to offer these specific coverage types.