AN ACT RELATING TO PROPERTY -- INSURANCE ON MULTI-UNIT DWELLINGS -- TENANT RELOCATION INSURANCE

SB 943 requires landlords of "large multi-family dwellings" (buildings with more than 12 units) to obtain insurance. This insurance must cover temporary housing and storage costs for tenants displaced for at least 30 days due to events like fire, flood, or natural disaster that render the building uninhabitable. The bill outlines tenant rights, including prompt notification and suitable temporary housing, and establishes penalties for non-compliant landlords, with enforcement by the Department of Business Regulation.