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1995 SESSION

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HB 220 Insurance; nonrenewal of policies; credit reports.

Introduced by: Bernard S. Cohen | all patrons    ...    notes | add to my profiles

SUMMARY:

Insurance; nonrenewal of policies; credit reports. Prohibits insurers from refusing to renew a homeowners insurance policy because of any claim resulting primarily from natural causes. The bill also prohibits insurers from refusing to renew a homeowners or a private passenger automobile policy because of information contained within an insured's credit report. However, under the bill's provisions, an insurer may use a credit report as an information resource if it conducts an independent investigation which confirms or validates a legitimate basis under the act for nonrenewal.


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