SB 294
Exempts insurers from the requirement to send an explanation of refusal to write automobile insurance if the applicant is written on a policy by an affiliate or subsidiary insurer within the same holding company
Sponsor:
LR Number:
1294S.01I
Last Action:
2/23/2021 - Voted Do Pass S Insurance and Banking Committee
Journal Page:
Title:
Calendar Position:
Effective Date:
August 28, 2021

Current Bill Summary

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 SB 1074 (2020).

ERIC VANDER WEERD

Amendments

No Amendments Found.