HB 1080 (Truly Agreed) | Commercial casualty insurance-limits on notices |
HB 1080 - Two clarifications are made for commercial
casualty insurance policies. The assignment of a policy between
affiliates within an insurance holding company shall not require
a notice of cancellation. No notice is required for a change in
any rating system component.
MICHAEL HOEFERKAMP
SCA 1 - RENEWAL NOTICES BY COMMERCIAL CASUALTY INSURERS WHICH INDICATE A CHANGE IN A RATING FACTOR WHICH INCREASES THE PREMIUM SHALL NOTE THAT FURTHER INFORMATION MAY BE OBTAINED FROM THE INSURER OR AGENT.