Montana § 33-16-117 - Wildfire Risk Score In Residential Property Evaluation In Rating

§ 33-16-117. Wildfire Risk Score In Residential Property Evaluation In Rating

Wildfire risk score in residential property evaluation in rating. (1) An insurer that uses a wildfire risk score in connection with property evaluation in rating of residential real property shall, on the request of an insured, the insured's insurance producer, or an applicant for residential property insurance coverage for the wildfire risk score, provide the following information to the insured or the applicant to enhance transparency: (a) the current wildfire risk score of the residential property; (b) the range of possible wildfire risk scores under the model used; (c) the name of the person or entity that created the wildfire risk score; (d) the date on which the wildfire risk score was created; and (e) the key factors that adversely affected the wildfire risk score of the residential property. (2) An insurer shall provide to a property owner the information referred to in subsection (1) by no later than 30 days after receiving a request for the information. (3) For the purposes of this section, the following definitions apply: (a) (i) "Insurer" means admitted insurers in this state. (ii) The term does not apply to nonadmitted insurers. (b) "Wildfire risk score" means a numerical value, rating, or categorization derived from a statistical tool, modeling system, algorithm, or other process that is used to measure or assess wildfire risk for a residential property for the purposes of property evaluation in rating.