Requires homeowner’s insurance providers to provide two months’ notice before increasing any policy more that 20%. Also caps rate increases for policy holders that are 65 years of age or older and meet certain income limits.
Establishes regulation by DBR over the practices and procedures of virtual currency kiosk operators to prevent fraud related to the use of virtual currency kiosks, by establishing daily transaction limits and the regulating of fees.
Effective July 1, 2025, provides that, the profit margin of any electric distribution company or gas distribution company, would not exceed 4%, in any calendar year and defines a "profit margin" as the return on equity that is allowed by the commission.
Prohibits a person to sell, offer for sale, display for sale or otherwise distribute a farmed animal fur product within the state and provides graduated civil penalties for violations.
Allows a municipality to set its own conveyance tax rate for residential properties sold in excess of $900,000.00 at $10 per $500. Provides collected taxes to be in a restricted account and distributed within 2 years for affordable housing.