2009 Regular Session
SB 377 A
Overview
At the request of:
Chief Sponsors: Senator Bonamici
Regular Sponsors: Senator Monnes Anderson , Senator Morse , Senator Rosenbaum , Representative Harker , Representative Holvey , Representative Kennemer , Representative Tomei
Bill Title: Relating to insurance trade practices.
Catchline/Summary: Prohibits insurer that issues personal insurance policy from using credit information to increase consumer's premium after rerating consumer at consumer's request.
Prohibits insurer that issues personal insurance policy from <i>increasing</i>] <b>using credit information to increase</b> consumer's premium after rerating consumer at consumer's request. <b>Specifies that insurer must, in event that consumer qualifies for improved rate, apply improved rate to related policies for which consumer also would qualify for improved rate. Specifies that improved rate is effective on date of request. Allows insurer to credit renewal policy with difference between current rate and improved rate in specified circumstances.</b>
Fiscal Impact: Has Minimal Fiscal Impact
Revenue Impact: No Revenue Impact
Measure Analysis: Staff Measure Summary / Impact Statements
Measure History
Current Status
Scheduled Events