Amends existing law to revise provisions regarding cancellation and nonrenewal of certain policies.

This legislation addresses a current problem for Idaho property insurance policyholders, non-renewal notices. This problem has been occurring increasingly in rural areas and where urban expansion meets wildland areas. This legislation strengthens consumer protections for commercial and homeowner policyholders by extending the required notice periods for policy non-renewals and cancellations (excluding non-payment situations). The non-renewal and cancellation notice requirement is extended from 30-45 days to a uniform 60 days. This change allows policy holders additional time to find alternative insurance coverage and to reduce their risk of coverage gaps.