H7066 — Requires homeowner’s insurance providers to provide two months’ notice before increasing any policy renewal premium more than 20% and a violation constitutes a deceptive trade practice punishable by a fine not to exceed $1,000.

H7066 — Requires homeowner’s insurance providers to provide two months’ notice before increasing any policy renewal premium more than 20% and a violation constitutes a deceptive trade practice punishable by a fine not to exceed $1,000. · Informed CitizenryH7066 aims to protect Rhode Island homeowners from sudden or drastic increases in their insurance premiums. Under the bill's provisions, homeowner’s insurance providers will be required to give p…Open in Informed Citizenry