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SB 470 - This act authorizes a return or refund of a portion of expense savings to an insured in cases where an insured makes no reportable claim under specified coverages within a prescribed period of time. This act further states that such a return or refund shall not constitute a rebate or an unfair trade practice. This act is nearly identical to HB 1114 (2015), HB 1022 (2015) and a provision contained in HCS/SB 282 (2015). MICHELA BIRK
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