Property insurance; renewal following Every property insurance policy shall provide for the renewal of the policy at least once following any property loss or damage covered by the policy and caused by seismic wave, flood, fire, hurricane, earthquake, storm, volcanic activity, explosion, or other catastrophe." SECTION 2. This Act does not affect rights and duties that matured, penalties that were incurred, and proceedings that were begun, before its effective date. SECTION 3. New statutory material is underscored.

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