SB 294 - Under current law, if any insurer refuses to write a policy of automobile insurance, the insurer must send to the applicant a written explanation of the refusal which clearly states the reason for the refusal and that the applicant may be eligible for coverage through the assigned risk plan if other insurance is not available. This act exempts insurers from these requirements if the applicant is written on a policy of insurance issued by an affiliate or subsidiary insurer within the same insurance holding company system.
This act is identical to provisions in the truly agreed to and finally passed HCS/SS/SB 6 (2021), provisions in the truly agreed to and finally passed SCS/HB 604 (2021), and SB 1074 (2020).
ERIC VANDER WEERD